Growth, Longevity and Public Policy
This paper studies the optimal long-run public intervention in a two-period OLG model where the probability of surviving the first period and the length of the second period can be influenced by distinct policies. While the optimal size of public intervention depends on the extra-productivity of public spendings in longevity, its optimal structure is determined by (1) differences in the productivity of each policy; (2) how growth would influence each longevity aspect under laissez-faire; (3) the dependence of each longevity aspect on past achievements. Given competing effects, the optimal intervention can hardly, under additive expected lifetime utility, be strongly unbalanced.
|Date of creation:||2006|
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- Shankha Chakraborty, 2002.
"Endogenous Lifetime and Economic Growth,"
University of Oregon Economics Department Working Papers
2002-03, University of Oregon Economics Department, revised 26 Jan 2002.
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Journal of Human Resources,
University of Wisconsin Press, vol. 31(4), pages 841-868.
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- repec:ebl:ecbull:v:9:y:2004:i:3:p:1-10 is not listed on IDEAS
- Pecchenino, R.A., 1994.
"Social Security, Social Welfare and the Aging Population,"
9403, Michigan State - Econometrics and Economic Theory.
- Kelvin R. Utendorf & Rowena A. Pecchenino, 1999. "Social security, social welfare and the aging population," Journal of Population Economics, Springer, vol. 12(4), pages 607-623.
- John Wilmoth & Shiro Horiuchi, 1999. "Rectangularization revisited: Variability of age at death within human populations," Demography, Springer, vol. 36(4), pages 475-495, November.
- Jocelyn E. Finlay, 2006. "Endogenous Longevity and Economic Growth," PGDA Working Papers 0706, Program on the Global Demography of Aging.
- Bhattacharya, Joydeep & Qiao, Xue, 2005. "Public and Private Expenditures on Health in a Growth Model," Staff General Research Papers 12378, Iowa State University, Department of Economics.
- repec:rus:hseeco:71105 is not listed on IDEAS
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