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Health and Wealth 
Lean Times
MarketWatch 
By Thomas Kostigen 


The healthier you are, the richer you'll get 


In the immortal words of Dean Vernon Wormer in the film "Animal House:" "Fat, 
drunk, and stupid is no way to go through life, son." And it won't make you 
rich either. 

A new study published in the British Medical Journal finds the healthier you 
are, the richer you will be. Researchers examined the link between health and 
wealth in rich countries and found that healthier people are more productive at 
work, earn more and spend more days in the work force because they don't take 
as much sick leave. 

It may seem obvious but an investment in health produces big returns for 
individuals, their families and the economy as a whole. 

It's been widely accepted by economists that better health increases economic 
growth in poor countries. But the health-wealth correlation hadn't been 
examined in rich countries. That was until Prof. Martin McKee of the London 
School of Hygiene and Tropical Medicine and several of his colleagues took on 
the task in a study for the European Commission, the results of which were 
released this week. 

They found some truly curious factors that lead to wealth, the first among them 
height. That's right, the taller you are the more likely you'll have more money 
than short people. Napoleon complex aside, height, it seems, has to do with 
childhood health. 

"Some studies have examined measures such as height, which reflects health in 
childhood, and body mass index, which provides an indirect measure of health. 
All other things considered, taller people earn more than average whereas obese 
people tend to earn less, although the adverse consequences of obesity are 
greater for women than for men. However, these findings could reflect biases 
linked to the social acceptability of body images rather than a direct link to 
productivity," the study says. 

Whether linked to social acceptability or not, the fact remains, at least 
according to this data, that being a tall guy provides a far greater advantage 
for earning more money than being a fat woman. 

This type of information may be upsetting to some, especially if you are, say, 
short and fat and a woman. But overall it points to the importance of public 
health in society. Indeed, the rationale for the study was to showcase that 
point. 

Five years ago, a major international study concluded that ill health was 
contributing to the low level of economic growth in poor countries. The 
landmark report showed that investment in some basic health interventions would 
lead to substantial economic growth. Simply put, its conclusion was that a sick 
population is an expensive population. 

Just look at Africa, where scant immunization, lack of access to health care 
and drugs, and communicable diseases add up to lower life expectancies, a 
drained work force and disabled economic growth. 

Conversely, a study of 10 industrialized countries from the beginning of the 
20th Century through the mid-1990s found that better health increased the rate 
of economic growth by about 30%. This has to do with better dietary and health 
standards instilled on these populations, as well as better medical care. 

Here's an even better example: "In an analysis of 26 rich countries during 1960 
to 2000, reductions in cardiovascular mortality emerge as a robust predictor of 
subsequent economic growth. In one model, a 10% fall in cardiovascular 
mortality is associated with a 1% increase in per capita income. Although this 
may not seem large, it amounts to a substantial contribution over the long 
term," McKee's study says. 

Many studies show that better health increases both the number of hours worked 
and the probability an individual will be employed. Poor health, on the other 
hand, increases the likelihood that someone will be out of work or retire 
early. 

Ill health also extends its effects to family members. In general, men whose 
wives become ill reduce the amount they work whereas women work more if their 
husbands become ill, the study finds. In either scenario, economically the 
family suffers. 

Meanwhile, healthy people can put their money to work in other ways, namely to 
increase their quality of life. They are, for instance, more apt to invest in 
their own education, which will increase their productivity, and save more in 
expectation of a longer life -- for example, for retirement -- increasing the 
funds available for investment in the economy. This helps not only their 
prosperity, but also society. 

So don't be stupid: Get in shape to get rich.

[Non-text portions of this message have been removed]



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