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Life expectancy and endogenous growth

Author

Listed:
  • David de la Croix
  • Omar Licandro

Abstract

We consider an overlapping generations model with uncertain lifetime and endogenous growth. Individuals have to choose the length of time devoted to schooling before starting to work. We show that it depends positively on life expectancy but that the positive effect of a longer life on growth could be offset by a decrease in the participation rate. Dynamics are characterized by a delay differential equation and human capital converges with oscillations to a balanced growth path.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • David de la Croix & Omar Licandro, "undated". "Life expectancy and endogenous growth," Working Papers 97-23, FEDEA.
    • Handle: RePEc:fda:fdaddt:9723
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    File URL: https://documentos.fedea.net/pubs/dt/1997/dt-1997-23.pdf
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    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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