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Obesity: An economic and financial perspective

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  • Rajeev Goel
Abstract
Obesity has been slowly increasing in most countries. This problem has increased to an extent that it is being labeled an epidemic and a leading cause of preventable deaths, second only to smoking. This paper provides a synthesis of the extant economics literature on obesity. More importantly, a framework outlining the economic causes and effects of obesity is discussed. The causes of obesity are many, including economic, technical, historical, and biological. The effects of obesity can be external or internal. These effects, in turn, can be direct or indirect. Recommendations for governments and businesses and directions for future research are discussed. Copyright Academy of Economics and Finance 2006

Suggested Citation

  • Rajeev Goel, 2006. "Obesity: An economic and financial perspective," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 30(3), pages 317-324, September.
    • Handle: RePEc:spr:jecfin:v:30:y:2006:i:3:p:317-324
    DOI: 10.1007/BF02752738
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    References listed on IDEAS

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    1. Bénédicte Coestier & Estelle Gozlan & Stéphan Marette, 2005. "On Food Companies Liability for Obesity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(1), pages 1-14.
    2. Cawley, John & Markowitz, Sara & Tauras, John, 2004. "Lighting up and slimming down: the effects of body weight and cigarette prices on adolescent smoking initiation," Journal of Health Economics, Elsevier, vol. 23(2), pages 293-311, March.
    3. Chou, Shin-Yi & Grossman, Michael & Saffer, Henry, 2004. "An economic analysis of adult obesity: results from the Behavioral Risk Factor Surveillance System," Journal of Health Economics, Elsevier, vol. 23(3), pages 565-587, May.
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    6. Borghans, Lex & Golsteyn, Bart H.H., 2006. "Time discounting and the body mass index: Evidence from the Netherlands," Economics & Human Biology, Elsevier, vol. 4(1), pages 39-61, January.
    7. Stillman, Steven, 2006. "Health and nutrition in Eastern Europe and the former Soviet Union during the decade of transition: A review of the literature," Economics & Human Biology, Elsevier, vol. 4(1), pages 104-146, January.
    8. John Cawley, 2004. "The Impact of Obesity on Wages," Journal of Human Resources, University of Wisconsin Press, vol. 39(2).
    9. Smith, Patricia K. & Bogin, Barry & Bishai, David, 2005. "Are time preference and body mass index associated?: Evidence from the National Longitudinal Survey of Youth," Economics & Human Biology, Elsevier, vol. 3(2), pages 259-270, July.
    10. Zagorsky, Jay L., 2005. "Health and wealth: The late-20th century obesity epidemic in the U.S," Economics & Human Biology, Elsevier, vol. 3(2), pages 296-313, July.
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    Cited by:

    1. Yang, Muzhe & Huang, Rui, 2010. "Exposure to Obesity and Weight Gain among Adolescents," Research Reports 149944, University of Connecticut, Food Marketing Policy Center.
    2. Zhen Miao & John C. Beghin & Helen H. Jensen, 2013. "Accounting For Product Substitution In The Analysis Of Food Taxes Targeting Obesity," Health Economics, John Wiley & Sons, Ltd., vol. 22(11), pages 1318-1343, November.
    3. Ljungvall, Åsa & Gerdtham, Ulf-G., 2010. "More equal but heavier: A longitudinal analysis of income-related obesity inequalities in an adult Swedish cohort," Social Science & Medicine, Elsevier, vol. 70(2), pages 221-231, January.
    4. Javier Rivas & Miguel Flores, 2011. "Cash Incentives and Unhealthy Food Consumption," Discussion Papers in Economics 11/47, Division of Economics, School of Business, University of Leicester, revised Jan 2012.
    5. Yaniv, Gideon & Rosin, Odelia & Tobol, Yossef, 2009. "Junk-food, home cooking, physical activity and obesity: The effect of the fat tax and the thin subsidy," Journal of Public Economics, Elsevier, vol. 93(5-6), pages 823-830, June.

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