A new version of this entry is available:

Loading...
Thumbnail Image
ResearchPaper
2021

Endogenous life expectancy and R&D-based economic growth

Abstract (English)

We propose an overlapping generations framework in which life expectancyis determined endogenously by governmental health investments. As a nov-elty, we are able to examine the feedback effects between life expectancy andR&D-driven economic growth for the transitional dynamics. We find that i)higher survival induces economic growth through higher savings and higherlabor force participation; ii) longevity-induced reductions in fertility hampereconomic development; iii) the positive life expectancy effects of larger savingsand higher labor force participation outweigh the negative effect of a reductionin fertility, and iv) there exists a growth-maximizing size of the health caresector that might lie beyond what is observed in most countries. Altogether,the results support a rather optimistic view on the relationship between lifeexpectancy and economic growth and contribute to the debate surroundingrising health shares and economic development.

File is subject to an embargo until

This is a new version of:

Notes

Publication license

Publication series

Hohenheim discussion papers in business, economics and social sciences; 2021,01

Published in

Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institute of Economics

Examination date

Supervisor

Edition / version

Citation

DOI

ISSN

ISBN

Language
English

Publisher

Publisher place

Classification (DDC)
330 Economics

Original object

BibTeX

@techreport{Tscheuschner2021, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6578}, author = {Tscheuschner, Paul}, title = {Endogenous life expectancy and R&D-based economic growth}, year = {2021}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }