Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. Health human capital is introduced into a two-period overlapping generations model....

This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. It is postulated that the degree of parental altruism is ‘limited’ by the financial status of the parent. [CDE WP 101].

Poverty needs to be measured taking into account OOP spending, since health spending is also now viewed as an essential expenditure that enhances welfare like food and other necessities. [Paper presented for consideration of the Expert Group on Poverty, Planning Commission]....