Life expectancy and endogenous growth
Life expectancy and endogenous growth
复制标题
DOI：
10.1016/s0165-1765(99)00139-1
复制
发表时间：
1999-11-01
影响因子：
2
通讯作者：
Licandro, O
中科院分区：
文献类型：
--
作者：
de la Croix, D;Licandro, O
研究了具有不确定寿命和内生增长的世代交叠模型.个人必须选择在开始工作之前用于上学的时间长度。我们表明，它正依赖于预期寿命。此外，预期寿命对增长的影响对于预期寿命相对较低的经济体是积极的，但在较发达的经济体可能是消极的。寿命延长对经济增长的积极影响确实可以被工人平均年龄的增加所抵消。动态的特点是一个延迟微分方程和人力资本收敛与振荡的平衡增长路径。（C）1999年爱思唯尔科学公司。All rights reserved. JEL分类：O 41; J10。
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. Moreover, the effect of life expectancy on growth is positive for economies with a relatively low life expectancy, but could be negative in more advanced economies. The positive effect of a longer life on growth could indeed be offset by an increase in the average age of the workers. Dynamics are characterised by a delay differential equation and human capital converges with oscillations to a balanced growth path. (C) 1999 Elsevier Science S.A. All rights reserved. JEL classification: O41; J10.