TY - BOOK ID - 84542612 TI - Modeling the Macroeconomic Impact of HIV/AIDS PY - 2002 SN - 1462342787 1452780455 1282029304 9786613796691 1451905289 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Production and Operations Management KW - Diseases: AIDS and HIV KW - Health: General KW - Economic Growth and Aggregate Productivity: General KW - One, Two, and Multisector Growth Models KW - Economywide Country Studies: Africa KW - Health Behavior KW - Personal Income, Wealth, and Their Distributions KW - Professional Labor Markets KW - Occupational Licensing KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Unemployment: Models, Duration, Incidence, and Job Search KW - HIV/AIDS KW - Labour KW - income economics KW - HIV and AIDS KW - Personal income KW - Unskilled labor KW - Capital productivity KW - Health KW - National accounts KW - Production KW - HIV KW - Viruses KW - Income KW - Labor market KW - South Africa KW - Hiv and AIDS KW - Hiv KW - Hiv/AIDS KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542612 AB - The paper addresses the impact of HIV/AIDS on per capita output and income, with particular emphasis on the role of labor mobility between the formal and informal sectors, and the impact of the epidemic on investment decisions. The study finds that HIV/AIDS affects both the supply of labor and the demand for labor in the formal sector. Only if there is a significant rise in the capital-labor ratio, will there be an increase in formal sector employment. However, this is associated with a decline in the rate of return to capital. To the extent that companies respond to this by reducing investment, conventional models underestimate the adverse impact on employment, per capita output, and income. The analysis of the impact of HIV/AIDS on output is complemented by an assessment of the impact on income. ER -