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A Politico-Economic Model of Aging, Technology Adoption and Growth
Prarolo, Giovanni; Lancia, Francesco - 2007
Over the past century, all OECD countries have been characterized by a dramatic increase in economic conditions, life expectancy and educational attainment. This paper provides a positive theory that explains how an economy might evolve when the longevity of its citizens both influences and is...
Persistent link: https://www.econbiz.de/10014050879
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Economic Growth and Longevity Risk with Adverse Selection
Heijdra, Ben J. - 2010
We study adverse selection on annuity markets in a general-equilibrium model of the closed economy. Agents differ in their health type and invest their assets on the annuity market. Without informational asymmetries themodel features a separating equilibrium in which each agent obtains an...
Persistent link: https://www.econbiz.de/10013146294
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Redistributive effects of the US pension system among individuals with different life expectancy
Sanchez-Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2017
We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Our analysis is calibrated to the US economy using a general equilibrium...
Persistent link: https://www.econbiz.de/10011620616
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Redistributive effects of different pension structures when longevity varies by socioeconomic status in a general equilibrium setting
Sanchez-Romero, Miguel; Lee, Ronald Demos; … - 2019
nonredistributive plan that accounts for differences in mortality, US Social Security reduces regressivity from longevity differences …
Persistent link: https://www.econbiz.de/10012314266
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The impact of reducing the pension generosity on inequality and schooling
Sánchez Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2019
In this paper we investigate the impact of a reduction in the pension replacement rate on the schooling choice and on inequality. We develop an overlapping generations model in which individuals differ by their life expectancy and in the cost of attending schooling. Individuals optimally choose...
Persistent link: https://www.econbiz.de/10012126117
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Longevity and patience
Falk, Armin; Hermle, Johannes; Sunde, Uwe - 2019
Why does patience vary across individuals and countries? We provide evidence on a widely-hypothesized mechanism, namely that higher longevity fosters patience. Using data on patience for 80,000 individuals in 76 countries, this paper relates exogenous variation in longevity across...
Persistent link: https://www.econbiz.de/10012126326
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The environment, life expectancy and growth in overlapping generations models : a survey
Dugan, Anna; Fürnkranz-Prskawetz, Alexia; Raffin, Natacha - 2022 - Preliminary draft, February 3, 2022
It is widely accepted that environmental and demographic changes will significantly influence the future of our society. In recent years, an increasing number of studies has analyzed the interlinkages among economic growth, environmental factors and a specific demographic variable, namely life...
Persistent link: https://www.econbiz.de/10012815559
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Endogenous Longevity and Optimal Tax Progressivity
Heer, Burkhard; Rohrbacher, Stefan - 2021
We study the impact of endogenous longevity on optimal tax progressivity and inequality in an overlapping generations model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at the expense of lower average lifetime and lower...
Persistent link: https://www.econbiz.de/10013314957
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A Politico-Economic Model of Aging, Technology Adoption and Growth
Lancia, Francesco; Prarolo, Giovanni - 2015
Over the past century, all OECD countries have been characterized by a dramatic increase in economic conditions, life expectancy and educational attainment. This paper provides a positive theory that explains how an economy might evolve when the longevity of its citizens both influences and is...
Persistent link: https://www.econbiz.de/10014035563
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Habit formation, dynastic altruism, and population dynamics
Schäfer, Andreas; Valente, Simone - 2007
endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in … fertility; station- ary income per capita is associated with either increasing or decreasing population and output, depending on … fertility: the trade-off between second-period consumption and spending for bequests prompts agents to decrease fertility in …
Persistent link: https://www.econbiz.de/10003761255