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...

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...

Soziale Integration ist der Schlüssel für nachhaltige Entwicklung! Im Mittelpunkt steht die Frage nach dem Gegensatz von Wachstums- und Verteilungszielen. Die theoretische Analyse betont die Rolle kultureller Diffusion. Die neue Antwort ist von großer wirtschaftspolitischer Relevanz:...