This article analyses the effect of public policy intervention in the production of health capital on fertility, private investment in children’s health and education, and human capital accumulation. I have used a growth model with endogenous fertility, in which the usual parental trade-off between the quantity and quality of their children is augmented with an additional factor that affects children’s human capital, which is health. I analyse the overall society-wide effect of public policy intervention and derive a condition that determines precisely whether public provision of free health services increases or decreases the average level of human capital in the society.

中文翻译：

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卫生资本提供和人力资本积累

本文分析了健康资本生产中的公共政策干预对生育率，对儿童健康和教育的私人投资以及人力资本积累的影响。我使用了具有内生生殖力的生长模型，其中父母通常在孩子的数量和质量之间进行权衡，并增加了影响孩子的人力资本（健康）的其他因素。我分析了公共政策干预对整个社会的整体影响，并得出了一个条件，该条件精确确定了公共免费医疗服务的提供是增加还是减少了社会平均人力资本水平。