LONGEVITY AND TECHNOLOGICAL CHANGE
LONGEVITY AND TECHNOLOGICAL CHANGE
复制标题
长寿与技术变革
DOI:
10.1017/s1365100517000293
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发表时间:
2014
影响因子:
0.9
通讯作者:
K. Prettner
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作者:
Agnieszka Gehringer;K. Prettner
We analyze the impact of increasing longevity on technological progress within an overlapping generations research and development (R&D)-based growth framework and test the model's implication on Organization for Economic Co-operation and Development (OECD) data from 1960 to 2011. The central hypothesis is that—by raising the incentives of households to invest in physical capital and in R&D—decreasing mortality positively affects technological progress and productivity growth. The empirical results confirm the theoretical prediction. This implies that the demographic changes we observed in industrialized economies over the last decades were not detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned.
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