Health Economics

Foundational Research on Health Care Markets and Policies

Health and Human Capital

Research in human capital has revolutionized our understanding of labor markets by identifying education, training, and health as vital components of a successful economy. This research project will draw on Chicago’s long-standing leadership in the study of human capital and its connection to health outcomes, which are themselves forms of human capital.

The project will advance our understanding of the underlying complementarity between health and human capital: human capital enhances the incentives and abilities of individuals to monitor and invest in health, while health enhances the incentives to invest in human capital. The implications of this complementarity will be explored at the level of individual decision-making as well as for market outcomes and economic growth. 

Kevin Murphy and Robert Topel will lead this project.