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This paper develops a monetary endogenous growth overlapping generations model characterized by endogenous longevity … the endogenous longevity which depends on the complimentarity of private and public health expenditures, the growth …
Persistent link: https://www.econbiz.de/10010554858
This paper introduces endogenous longevity in an otherwise standard overlapping generations model with capital. In the … health programs. The presence of such a complementary public input in private longevity is shown to expose the economy to …
Persistent link: https://www.econbiz.de/10005433635
We propose a unified growth theory to investigate the mechanics generating the economic and demographic transition, and the role of mortality differences for comparative development. The framework can replicate the quantitative patterns in historical time series data and in contemporaneous...
Persistent link: https://www.econbiz.de/10013086663
In this paper we investigate the causal effect of life expectancy on economic growth by explicitly accounting for the role of the demographic transition. In addition to focusing on issues of empirical identification, this paper emphasizes the role of the econometric specification. We present a...
Persistent link: https://www.econbiz.de/10013159658
We propose a unified growth theory to investigate the mechanics generating the economic and demographic transition, and the role of mortality differences for comparative development. The framework can replicate the quantitative patterns in historical time series data and in contemporaneous...
Persistent link: https://www.econbiz.de/10009708703
In this paper we investigate the causal effect of life expectancy on economic growth by explicitly accounting for the role of the demographic transition. In addition to focusing on issues of empirical identification, this paper emphasizes the role of the econometric specification. We present a...
Persistent link: https://www.econbiz.de/10003837588
This paper presents a non-Malthusian theory of long-term development We model the interplay between the process of human capital formation, technological progress, and the biological constraint of finite lifetime expectancy. All these processes are interdependent and determined endogenously. The...
Persistent link: https://www.econbiz.de/10011413569
We present a theory of the economic and demographic transition where adult longevity, child mortality, fertility and …
Persistent link: https://www.econbiz.de/10012722698
formation, little longevity, high child mortality, large fertility and a sluggish income and productivity growth to a modern …
Persistent link: https://www.econbiz.de/10013316935
This paper presents a microfounded theory of long-term development. We model the interplay between economic variables, namely the process of human capital formation and technological progress, and the biological constraint of finite lifetime expectancy. All these processes affect each other and...
Persistent link: https://www.econbiz.de/10013320408