A Dual-Phase Health Capital Model and Its Application to Health Co-benefit Modelling of Decarbonisation
type: CreativeWork
description: This thesis is developed in the context of investigating the health co-benefit of decarbonisation. Health co-benefit refers to the collateral benefit which arises from decarbonisation policies external to the main intended benefit of climate change mitigation via the reduction of Greenhouse Gases (GHG). Health co-benefit of this kind often arises via the corresponding reduction in air pollutants when GHG is reduced. This is because GHG and air pollutants such as particulate matter are often derived from the same source – the combustion of fossil fuels which drive economic activities. Existing literature in the health co-benefit of decarbonisation fail to give consider the effect of socio-economic variables such as income and education on the expected health co-benefits, and this is where the thesis begins. The backdrop of health co-benefit modelling and the need to incorporate socioeconomic considerations provide the impetus to develop a health economics model. However, in many ways this health economic model deviates from the health co-benefit studies methodologically and instead follows the tradition of the Health Capital Model developed by Grossman (1972). This is due to the micro-economic nature of this health economic model which employs standard economic theory and technique of optimisation, which differs from the fundamentally empirically driven approach of health co-benefit studies. The health economic model developed here is an opportunity to address some of the short-comings of the Health Capital Model. The health co-benefit background however provides some concrete context and inspiration for the application of the theoretical insights which can be drawn from this model. The main contribution of the model develop in this thesis from the theoretical point of view lies in the division of the lifecycle analysis of health into two distinct but related phases of childhood and adulthood. The two phases are specified with different assumptions reflecting the dif…
abstract: This thesis is developed in the context of investigating the health co-benefit of decarbonisation. Health co-benefit refers to the collateral benefit which arises from decarbonisation policies external to the main intended benefit of climate change mitigation via the reduction of Greenhouse Gases (GHG). Health co-benefit of this kind often arises via the corresponding reduction in air pollutants when GHG is reduced. This is because GHG and air pollutants such as particulate matter are often derived from the same source – the combustion of fossil fuels which drive economic activities. Existing literature in the health co-benefit of decarbonisation fail to give consider the effect of socio-economic variables such as income and education on the expected health co-benefits, and this is where the thesis begins. The backdrop of health co-benefit modelling and the need to incorporate socioeconomic considerations provide the impetus to develop a health economics model. However, in many ways this health economic model deviates from the health co-benefit studies methodologically and instead follows the tradition of the Health Capital Model developed by Grossman (1972). This is due to the micro-economic nature of this health economic model which employs standard economic theory and technique of optimisation, which differs from the fundamentally empirically driven approach of health co-benefit studies. The health economic model developed here is an opportunity to address some of the short-comings of the Health Capital Model. The health co-benefit background however provides some concrete context and inspiration for the application of the theoretical insights which can be drawn from this model. The main contribution of the model develop in this thesis from the theoretical point of view lies in the division of the lifecycle analysis of health into two distinct but related phases of childhood and adulthood. The two phases are specified with different assumptions reflecting the dif…
author: Chen, Yifeng (Philip)
language: en
keywords: Health capital model, decarbonisation, health co-benefit
license: https://apollo8-f-pro.lib.cam.ac.uk/bitstreams/31535d20-f491-4b60-b51f-63a5f2c61ab7/download
license: https://www.rioxx.net/licenses/all-rights-reserved/
date published: 2018-12-18
date modified: 2026-07-22T22:24:16Z
provider: Cambridge University
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Cambridge

PropertyValue
property ID: DOI
value: 10.17863/CAM.37381