Boucekkine, Raouf; Laffargue, Jean-Pierre - 2009
adults will have an
impact on the investment decisions of these individuals.
The consequences of varying life expectancy … standard theory relying on
Blanchard-Yaari structures, life expectancy (or mortality rate) is exogenous. A downward
shift in … life expectancy generally decreases the marginal return to investment in this
11
framework, implying less investment in …