01454nas a2200217   4500000000100000008004100001653001700042653002200059653001800081653002500099100001500124700001400139700001400153700001500167700001800182700004900200245007300249856008900322300000900411520081600420       2023                            d10aProductivity10aPopulation Health10aHuman Capital10aEconomic Development1 aBloom D. E1 aCanning D1 aKotschy R1 aPrettner K1 aSchünemann J1 aNational Bureau of Economic Research (NBER) 00aHealth and Economic Growth: Reconciling the Micro and Macro Evidence  uhttps://papers.ssrn.com/sol3/Delivery.cfm/nber_w26003.pdf?abstractid=3412672&mirid=1  a1-443 a<p>Economists use micro-based and macro-based approaches to assess the macroeconomic return to population health. The macro-based approach tends to yield estimates that are either negative and close to zero or positive and an order of magnitude larger than the range of estimates derived from the micro-based approach. This presents a micro-macro puzzle regarding the macroeconomic return to health. We reconcile the two approaches by controlling for the indirect effects of health, which macro-based approaches usually include but micro-based approaches deliberately omit when isolating the direct effect of health. Our results show that the macroeconomic return to health lies in the range of plausible microeconomic estimates, demonstrating that both approaches are in fact consistent with one another.</p>