Life expectancy and endogenous growth

Life expectancy and endogenous growth

We consider an overlapping generations model with uncertain lifetime and endogenous growth. Individuals have to choose the length of time devoted to schooling before starting to work. We show that it depends positively on life expectancy but that the positive e ect of a longer life on growth could be o set by a decrease in the participation rate. Dynamics are characterized by a delay di erentia...

Endogenous Health Care and Life Expectancy in a Neoclassical Growth Model∗

We study the endogenous relationship between health care, life expectancy and output in a modified neoclassical growth model. While health care competes resources away from goods production, it prolongs life expectancy which in turn leads to higher capital accumulation. We show that savings and health care are complements in equilibrium, with both rising with economic development. Our model is ...

The University of Manchester Discussion Paper Series Endogenous Life Expectancy in a Simple Model of Growth

In an overlapping generations economy reproductive agents mature safely through two periods of life and face an endogenous probability of surviving for a third period. Given this probability, which depends on aggregate outcomes, each agent maximises her expected lifetime utility by choosing consumption and savings. The dynamic general equilibrium of the economy is characterised by multiple deve...

Methods for life expectancy and healthy life expectancy uncertainty analysis

Longevity and life expectancy.

"In this article the evolution of life expectancy is examined historically for various European nations at various ages, and according to sex. Appropriate logistic equations describe the facts and extrapolate into the future giving the doctor an indication of what is still to be accomplished and the demographer the tools with which to evaluate the aging of European population in the next 20 yea...