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We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this … parental education and health investments. We show that i) there is a complementarity between education and health: if parents … want to have better educated children, they also raise health investments and vice versa; ii) parental health investments …
Persistent link: https://www.econbiz.de/10011609038
We develop a perpetual youth model to investigate how longevity affects economic growth and welfare. Life expectancy is determined by individuals’ investments in healthcare. We find that improvements in the healthcare technology always increase the steady state growth rate. Although the effect...
Persistent link: https://www.econbiz.de/10008748203
We develop a perpetual youth model to investigate how longevity affects economic growth and welfare. Life expectancy is determined by individuals' investments in healthcare. We find that improvements in the healthcare technology always increase the steady state growth rate. Although the effect...
Persistent link: https://www.econbiz.de/10008760469
We study the role of endogenous healthcare choices by households to extend their expected lifetimes on economic growth and welfare in a decentralized overlapping generations economy with the realistic feature that households' savings are held in annuities. We characterize healthcare spending in...
Persistent link: https://www.econbiz.de/10011611936
Welfare aspects of longevity increases are often discussed neglecting the complex relationship between longevity and economic growth, which is the focal point of another literature. Combining both perspectives, we develop an endogenous growth OLG-framework to investigate how longevity affects...
Persistent link: https://www.econbiz.de/10010337884
Biographical information on a sample of renowned U.S. inventors is combined with information on the patents they received over their careers, and employed to highlight the implications of patent institutions for markets in inventions and for democratization. The United States deliberately...
Persistent link: https://www.econbiz.de/10011451502
Biographical information on a sample of renowned U.S. inventors is combined with information on the patents they received over their careers, and employed to highlight the implications of patent institutions for markets in inventions and for democratization. The United States deliberately...
Persistent link: https://www.econbiz.de/10013318944
Over the course of a quarter of a millennium industrial capitalism has emerged from four deep recessions brought on by the bursting of commodity bubbles to achieve sustained economic growth by instituting progressive policies. These policies promote market success by reinforce entrepreneurial...
Persistent link: https://www.econbiz.de/10014136778
Biographical information on a sample of renowned U.S. inventors is combined with information on the patents they received over their careers, and employed to highlight the implications of patent institutions for markets in inventions and for democratization. The United States deliberately...
Persistent link: https://www.econbiz.de/10002467752
undervaluations or overvaluations of the lira/euro have on Italy's growth? We address these questions by presenting, first, three main … former sector, increasing exports and real GDP. We then turn to Italy and verify empirically that, as the theory suggests … their determinants and draw the implications for Italy's economic growth …
Persistent link: https://www.econbiz.de/10013084819