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Life Expectancy, Labor Supply, and Long-Run Growth : Reconciling Theory and Evidence
Strulik, Holger; Werner, Katharina - 2014
increasing education and declining labor supply (of cohorts born 1850-1950) as an optimal response to increasing active life … expectancy. We integrate the theory into a unified growth model and reestablish increasing life expectancy as an engine of long …
Persistent link: https://www.econbiz.de/10014165522
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Life expectancy, labor supply, and long-run growth: Reconciling theory and evidence
Strulik, Holger; Werner, Katharina - 2012
increasing education and declining labor supply (of cohorts born 1850-1950) as an optimal response to increasing active life … expectancy. We integrate the theory into a unified growth model and reestablish increasing life expectancy as an engine of long …
Persistent link: https://www.econbiz.de/10010311688
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The supply of hours worked and fluctuations between growth regimes
Iong, Ka-Kit; Irmen, Andreas - 2021
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10012499514
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Life expectancy and economic growth : the role of the demographic transition
Cervellati, Matteo; Sunde, Uwe - 2009
individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic … the role of the econometric specification. We present a simple theory of the economic and demographic transition where …. We provide evidence supporting these predictions using data on exogenous mortality reductions in the context of the …
Persistent link: https://www.econbiz.de/10003837588
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Life Expectancy and Economic Growth : The Role of the Demographic Transition
Cervellati, Matteo - 2009
individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic … the role of the econometric specification. We present a simple theory of the economic and demographic transition where …. We provide evidence supporting these predictions using data on exogenous mortality reductions in the context of the …
Persistent link: https://www.econbiz.de/10013159658
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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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Health Expenditures, Longevity and Growth
Dormont, Brigitte; Oliveira Martins, Joaquim; Pelgrin, … - 2015
This paper offers an integrated view of the relationships between health spending, medical innovation, health status, growth and welfare. Health spending triggers technological progress, which is a potential source of better outcomes in terms of longevity and quality of life, a direct source of...
Persistent link: https://www.econbiz.de/10014047534
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The Supply of Hours Worked and Fluctuations Between Growth Regimes
Iong, Ka-Kit; Irmen, Andreas - 2021
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10013233150
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Capital taxation, long-run growth, and bequests
Kunze, Lars - 2009
It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue-compensating cut in wage taxes (Uhlig and Yanagawa 1996; European Economic Review 40, 1521-1540) or with an expansion in productivity-increasing public services (Rivas 2003; European Economic...
Persistent link: https://www.econbiz.de/10003850899
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Education and growth with learning by doing
Marconi, Gabriele; Grip, Andries de - 2015
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers … increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on … relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …
Persistent link: https://www.econbiz.de/10010529431