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Life Expectancy, Schooling Time and Endogenous Growth

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  • Echevarría Olave, Cruz Ángel

Abstract

I analyze how changes in life expectancy affect retirement age, education time, and growth rates of economies. I set up a continuous time, overlapping generations model of endogenous growth with externalities in human capital production. I find that increases in life expectancy give rise to first, higher retirement ages and second, higher education spans. A threshold level for life expectancy exists such that per capita growth rates follow an inverted U pattern.

Suggested Citation

  • Echevarría Olave, Cruz Ángel, 2002. "Life Expectancy, Schooling Time and Endogenous Growth," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    • Handle: RePEc:ehu:dfaeii:6753
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