According to a piece in Science Digest from 1957, the answer is yes!
“High-heeled shoes are physically and psychologically best for women’s wear, says a British doctor, contrary to the opinions of many authorities. Careful tests on special scales have shown, said Dr. Owen McDonagh, that high heels throw the weight onto the heel rather than onto the toes, as is frequently charged. Physically, he said, the added weight on the heel eliminates slouching, produces more healthy breathing, and adds inches to the bust.”
Via Modern Mechanix