The AIDS epidemic threatens Kenya with a long wave of premature adult mortality, and thus with an enduring setback to the formation of human capital and economic growth. To investigate this possibility, the authors develop a model with three overlapping generations, calibrate it to the...

Primarily a disease of young adults, Acquired Immuno Deficiency Syndrome (AIDS) imposes economic costs that could be devastatingly high in the long run by undermining the transmission of human capital the main driver of long-run economic growth across generations. AIDS makes it harder for...

Primarily a disease of young adults, AIDS imposes economic costs that could be devastatingly high in the long run by undermining the transmission of human capital—the main driver of long-run economic growth—across generations. AIDS makes it harder for victims’ children to obtain an...