Life Expectancy, Schooling Time, Retirement, and Growth.
I analyze how changes in life expectancy affect retirement age, education time, and growth rates of economies. I set up a continuous time, overlapping generations model of endogenous growth with externalities in human capital production. I find that increases in life expectancy give rise to first, h...
| Publicado en: | Economic Inquiry Vol. 42; no. 4; pp. 602 - 618 |
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| Formato: | Artículo |
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Wiley-Blackwell
October 2004
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | I analyze how changes in life expectancy affect retirement age, education time, and growth rates of economies. I set up a continuous time, overlapping generations model of endogenous growth with externalities in human capital production. I find that increases in life expectancy give rise to first, higher retirement ages and second, higher education spans. A threshold level for life expectancy exists such that per capita growth rates follow an inverted U pattern. (JEL D9, E17, I29, J24) Reprinted by permission of the publisher. |
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