Measurement And Analysis On Depreciation Of Health Human Capital Based On Grossman Model

With the development of society and economy,health has attracted more and more attention.As the main creator of social wealth-the health of the labor force is particularly important.Health as a human capital has a great role in promoting social economy.Many experts and scholars have studied different aspects of health to promote economic and social mechanisms.Among them,the well-known economist Grossman proposed the healthy human capital demand model in 1972,which provided the necessary theoretical basis for later scholars to quantify the variable of health.This article is based on the Grossman model,using the relevant data of the China Nutrition and Health Survey(CHNS)to measure the health human capital depreciation rate in Grossemann's health demand model,and to obtain a range of empirical values.On this basis,based on related theories in the Grossman model,using the relevant data obtained from the measurement process,the factors that influence the depreciation rate of healthy human capital are further analyzed.Through the calculation,it can be concluded that the average value of the depreciation rate of the Chinese labor force's healthy human capital is about 0.19.At the same time,it is found that the rate of depreciation of healthy human capital increases with age,showing a simultaneous increase in the frequency and magnitude of fluctuations.Based on the relevant variables and data obtained during the measurement process,this paper analyzes the factors affecting the depreciation of healthy human capital from the perspective of lifestyle and labor intensity.The probability of smoking and drinking,the amount of sleep time,and the time spent participating in sports activities are taken as proxy variables of life style,and the length of working hours engaged in manual labor is used as the proxy variable of labor intensity.In order to analyze the factors that affect the depreciation rate of healthy human capital.Finally,it is concluded that smoking will significantly increase the depreciation rate of China's labor force's human capital for health,and the work of light labor intensity can significantly reduce the depreciation rate of healthy human capital.This gives advice on purchasing health care services,adjusting the statutory retirement age,rationally allocating labor,developing good habits,and improving the health insurance mechanism.