The Impact of AIDS Treatment on Savings and Human Capital Investment in Malawi

摘要: Antiretroviral therapy (ART), a treatment that significantly delays the onset of AIDS, has recently become available throughout many African countries, rapidly reversing downward trend in life expectancy due to AIDS. Economic theory predicts longer increases value human capital investment. The effect on savings, however, is theoretically ambiguous and ultimately an empirical question. This paper uses spatial temporal variation ART availability Malawi evaluate impact provision savings We find large significant impacts behavior child expenditures, particularly for schooling medical expenses. Additionally, grade attainment health improve sample respondents’ children near ART. show results are not driven by direct HIV-positive respondents receiving or caretaking effects from reducing morbidity mortality household members. Rather, seem be consequence broadly improving perceptions expectancy, as measured self-reported risk.