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Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Kuhn, Michael; Prettner, Klaus - 2020
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …
Persistent link: https://www.econbiz.de/10012195541
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Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Kuhn, Michael; Prettner, Klaus - 2020
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …
Persistent link: https://www.econbiz.de/10012156427
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Growth and welfare effects of health care in knowledge based economies
Kuhn, Michael; Prettner, Klaus - 2012
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10010358148
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Growth and welfare effects of health care in knowledge based economies : conference paper
Kuhn, Michael; Prettner, Klaus - 2013
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10010338973
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On the long-run growth effect of raising the retirement age
Kuhn, Michael; Prettner, Klaus - 2016
We show that the long-run economic growth effect of an increase in the retirement age is unambiguously positive in …-by-doing-spillovers, in which an increase in the retirement age reduces physical capital accumulation and thereby economic growth. Our results …
Persistent link: https://www.econbiz.de/10011567734
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Endogenous fertility, endogenous lifetime and economic growth : the role of child policies
Fanti, Luciano; Gori, Luca - In: Journal of population economics 27 (2014) 2, pp. 529-564
Persistent link: https://www.econbiz.de/10010240711
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Growth and Welfare Implications of Mortality Differentials in Unfunded Social Security Systems
Kelly, Mark - 2021
Several recent studies have examined the steady-state welfare implications of mortality differentials within unfunded … of mortality inequality within the U.S. Social Security system. Utilizing an OLG endogenous growth model of the U ….S. economy, I compare the current pay-as-you-go (PAYG) system to versions of the model without either mortality differentials or …
Persistent link: https://www.econbiz.de/10013217547
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Growth and welfare implications of mortality differentials in unfunded social security systems
Kelly, Mark C. - In: Public finance review : PFR 50 (2022) 2, pp. 206-235
Persistent link: https://www.econbiz.de/10013257622
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Endogenous lifetime and economic growth : the roleof the tax rate
Brembilla, Laurent - In: Economic theory bulletin 4 (2016) 2, pp. 247-263
Persistent link: https://www.econbiz.de/10011641945
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Growth, Death, and Taxes
Hendricks, Lutz - 2001
A number of recent studies suggest that flat rate taxes may have important effects on long-run growth in the neoclassical growth model with human capital. In contrast to the traditional human capital literature, these studies assume that agents are infinitely lived and face constant returns in...
Persistent link: https://www.econbiz.de/10014144890