Human Welfare and Economic Growth
Health, literacy, and economic growth are intimately connected. A healthier, more literate population leads to more rapid productivity growth and improved living standards. At the same time, greater income growth enables people to purchase the goods and services necessary to improve education and health—more schooling, better nutrition, shelter, sanitation, medical care, and so on.
Suggested citation: "Human Welfare and Economic Growth," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-06, pp. 12, 06.01.2000.