IDEAS home Printed from https://ideas.repec.org/a/eee/phsmap/v387y2008i2p543-550.html
   My bibliography  Save this article

Consequences of increased longevity for wealth, fertility, and population growth

Author

Listed:
  • Bogojević, A.
  • Balaž, A.
  • Karapandža, R.

Abstract

We present, solve and numerically simulate a simple model that describes the consequences of increased longevity for fertility rates, population growth and the distribution of wealth in developed societies. We look at the consequences of the repeated use of life extension techniques and show that they represent a novel commodity whose introduction will profoundly influence key aspects of the economy and society in general. In particular, we uncover two phases within our simplified model, labeled as ‘mortal’ and ‘immortal’. Within the life extension scenario it is possible to have sustainable economic growth in a population of stable size, as a result of dynamical equilibrium between the two phases.

Suggested Citation

  • Bogojević, A. & Balaž, A. & Karapandža, R., 2008. "Consequences of increased longevity for wealth, fertility, and population growth," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(2), pages 543-550.
    • Handle: RePEc:eee:phsmap:v:387:y:2008:i:2:p:543-550
    DOI: 10.1016/j.physa.2007.09.004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S037843710701000X
    Download Restriction: Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000
    File URL: https://libkey.io/10.1016/j.physa.2007.09.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Miguel-Ángel Galindo Martín & María-Teresa Méndez Picazo, 2002. "Cash flow effects on economic growth," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 8(2), pages 155-159, May.
    2. Robert Barro, 2002. "Quantity and Quality of Economic Growth," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 5, pages 135-162, Central Bank of Chile.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sebastian Guala, 2009. "Taxes in a Wealth Distribution Model by Inelastically Scattering of Particles," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 7(1), pages 1-7.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jitender Singh, 2016. "Quality of Public Goods, Public Policy and Human Development: A State-wise Analysis," Indian Journal of Human Development, , vol. 10(2), pages 215-235, August.
    2. Peng, Dan & Ji, Y. & Kong, Qunxi, 2023. "OFDI and firms' sustainable productive capacity: Evidence from Chinese industrial firms," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 641-652.
    3. Xu, Guangyue & Dong, Haoyun & Xu, Zhenci & Bhattarai, Nishan, 2022. "China can reach carbon neutrality before 2050 by improving economic development quality," Energy, Elsevier, vol. 243(C).
    4. Norman Loayza & Pablo Fajnzylber & César Calderón, 2005. "Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts," World Bank Publications - Books, The World Bank Group, number 7315, December.
    5. Kong, Qunxi & Guo, Rui & Wang, Yang & Sui, Xiuping & Zhou, Shimin, 2020. "Home-country environment and firms’ outward foreign direct investment decision: Evidence from Chinese firms," Economic Modelling, Elsevier, vol. 85(C), pages 390-399.
    6. repec:zbw:bofitp:2016_012 is not listed on IDEAS
    7. Masagus M. Ridhwan & Peter Nijkamp & Affandi Ismail & Luthfi M.Irsyad, 2022. "The effect of health on economic growth: a meta-regression analysis," Empirical Economics, Springer, vol. 63(6), pages 3211-3251, December.
    8. Yi Zhang & Guangqiu Huang, 2023. "Identifying network structure characteristics and key factors for the co-evolution between high-quality industrial development and ecological environment," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(7), pages 6591-6625, July.
    9. Shaofeng Ru & Jiaqi Liu & Tonghui Wang & Guo Wei, 2020. "Provincial Quality of Economic Growth: Measurements and Influencing Factors for China," Sustainability, MDPI, vol. 12(4), pages 1-16, February.
    10. Xiaohao Ding & Yifan Huang & Wenjuan Gao & Weifang Min, 2021. "A Comparative Study of the Impacts of Human Capital and Physical Capital on Building Sustainable Economies at Different Stages of Economic Development," Energies, MDPI, vol. 14(19), pages 1-14, October.
    11. Yu Ma & Meng Shang & Fen Yang & Chenguang Li, 2023. "Exploration of the Role of Human Capital in China’s High-Quality Economic Development and Analysis of Its Spatial Characteristics," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
    12. Lyubimov, Ivan, 2016. "Corrupt bureaucrats, bad managers, and the slow race between education and technology," BOFIT Discussion Papers 12/2016, Bank of Finland Institute for Emerging Economies (BOFIT).
    13. Lyubimov, Ivan, 2016. "Corrupt bureaucrats, bad managers, and the slow race between education and technology," BOFIT Discussion Papers 12/2016, Bank of Finland, Institute for Economies in Transition.
    14. Rong Wang & Fayuan Wang, 2022. "Exploring the Role of Green Finance and Energy Development towards High-Quality Economic Development: Application of Spatial Durbin Model and Intermediary Effect Model," IJERPH, MDPI, vol. 19(14), pages 1-17, July.
    15. Fabrizio Carmignani, 2007. "Efficiency of Institutions, Political Stability and Income Dynamics," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(1), pages 6-30, February.
    16. Kun Chen & Yinrong Chen & Min Liu & Yi Chen, 2023. "Research on the Spatio-Temporal Characteristics and Influence Path of High-Quality Economic Development from the Perspective of Urban Land Transfer," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    17. Xin Fang & Yun Cao, 2023. "Spatial Association Network Evolution and Variance Decomposition of Economic Sustainability Development Efficiency in China," IJERPH, MDPI, vol. 20(4), pages 1-22, February.
    18. Tugcu, Can Tansel, 2014. "Tourism and economic growth nexus revisited: A panel causality analysis for the case of the Mediterranean Region," Tourism Management, Elsevier, vol. 42(C), pages 207-212.
    19. Tonghui Yu & Xuan Huang & Shanshan Jia & Xufeng Cui, 2023. "Unveiling the Spatio-Temporal Evolution and Key Drivers for Urban Green High-Quality Development: A Comparative Analysis of China’s Five Major Urban Agglomerations," Land, MDPI, vol. 12(11), pages 1-25, October.
    20. Xin Du & Hengming Zhang & Yawen Han, 2022. "How Does New Infrastructure Investment Affect Economic Growth Quality? Empirical Evidence from China," Sustainability, MDPI, vol. 14(6), pages 1-30, March.
    21. Mazmira Adan & Saiful Izzuan Hussain & Humaida Banu Samsudin, 2020. "Understanding the Economic Linkages among Small and Medium Enterprises, Economic Growth, and Employees in Malaysia," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(11), pages 1309-1320, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:387:y:2008:i:2:p:543-550. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.