The Link between Education and Health Essay Example | Topics and Well Written Essays - 1750 words

The Link between Education and Health - Essay Example According to Michael Grossman, increase in personal knowledge is normally directly proportional to the market’s economical productivity. Although a number of writers claim that health is similar to human capital, there has been no solid proof for these theories. According to Grossman (1972), there is a difference between health capital and human capital. He goes ahead to state that market productivity and non-productivity is normally affected by a person’s stock of knowledge (1972). Many medical economics students have come to realize that customers that are constantly in search for medical services are actually on the right track because they have a right to access good health (Grossman, 1972). Although traditional demand theory states that purchase of goods and services be allowed for utility functions, on their part, economists claim that medical care demands be at the expense of the health section. Traditional theory states that consumers are assigned utilities that enable that rank a variety of goods and services bought in the market (Grossman, 1992). Effects of education on health can be either direct or indirect. The direct effects are evident on how it influences both productive and allocative efficiencies. Conversely, indirect effects include educated people working in safe and clean environments in addition to holding higher ranks in the society(Clark & Royer, 2010). Through education, there is usually a change in the way people communicate, their behavior and the type of choices that they make (Feinstein et al., 2006).The production function is responsible for the creation of Gross investment especially in health capital. The direct inputs of these functions comprise of the right to housing, medical care, recreation and exercise (Grossman, 1972).