Endogenous lifetime and economic growth
Endogenous lifetime and economic growth
复制标题
DOI：
10.1016/j.jet.2003.07.005
复制
发表时间：
2004-05-01
影响因子：
1.6
通讯作者：
Chakraborty, S
中科院分区：
文献类型：
--
作者：
Chakraborty, S
引入内生死亡率的两个阶段的世代重叠模型：从第一个时期到下一个生存的概率取决于卫生资本，通过公共投资增加。由于寿命较短会阻碍储蓄，高死亡率社会不会快速增长;发展陷阱是可能的。各国生产率的差异导致资本产出比率的持续差异以及收入和死亡率的相对较大差距。高死亡率也降低了教育的回报，因为教育的风险是不可分散的。当人力资本推动经济增长时，健康资本不同的国家不会趋同到相似的生活水平，也可能产生“门槛效应”。(C)2003年爱思唯尔公司All rights reserved.
Endogenous mortality is introduced in a two-period overlapping generations model: probability of surviving from the first period to the next depends upon health capital that is augmented through public investment. High mortality societies do not grow fast since shorter lifespans discourage savings; development traps are possible. Productivity differences across nations result in persistent differences in capital-output ratios and relatively larger gaps in income and mortality. High mortality also reduces returns on education, where risks are undiversifiable. When human capital drives economic growth, countries differing in health capital do not converge to similar living standards, 'threshold effects' may also result. (C) 2003 Elsevier Inc. All rights reserved.