THE GIFT OF THE DYING: THE TRAGEDY OF AIDS AND THE WELFARE OF FUTURE AFRICAN GENERATIONS. By Alwyn Young Presenters: Marisha Tardif Levan Bzhalava. World Situation About HIV/AIDS. Adults and children living with HIV/AIDS Estimated at end of 2001.
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THE GIFT OF THE DYING:THE TRAGEDY OF AIDS AND THE WELFAREOF FUTURE AFRICAN GENERATIONS
By Alwyn Young
Presenters: Marisha Tardif
World Situation About HIV/AIDS
Household behavior in the Beckerian tradition
n - quantity of children
q - the "quality" of children (measured by their human capital)
lm, lf - Individual leisure
Cm – material consumption
Household utility function
LM - Male Labor Supply
LF - Female Labor Supply
Household utility is given simply by total consumption expenditures minus the disutility of labor
If labor supply is of the isoelastic form
per capita utility is then given by:
y - output per capita;
s - savings rate;
Ѳi- share of each factor in total income.
2. By exogenous variation in individual education levels the price elasticity in each demand equation is identified.
Female labor supply is more elastic than men’s:
Every 1% increase in wages, male labor supply rises .17% and female labor supply rises .44%.
1- HIV- most realistic scenario
2-NO HIV- a situation without the HIV virus, so very unlikely
The next three scenarios are with HIV, however assume that improvements are possible.
“The inescapable conclusion is that the HIV epidemic has produced an abrupt reduction in fertility, endowing future generations with greater material resources per capita. “p.35
AIDS has a profound impact on workers and their families, enterprises and national economies.