TY  - GEN
T1  - Endogenous life expectancy and R&D-based economic growth
A1  - Tscheuschner,Paul
Y1  - 2021/02/16
N2  - We propose an overlapping generations framework in which life expectancyis determined endogenously by governmental health investments.  As a nov-elty, we are able to examine the feedback effects between life expectancy andR&D-driven economic growth for the transitional dynamics.  We find that i)higher survival induces economic growth through higher savings and higherlabor force participation; ii) longevity-induced reductions in fertility hampereconomic development; iii) the positive life expectancy effects of larger savingsand higher labor force participation outweigh the negative effect of a reductionin fertility, and iv) there exists a growth-maximizing size of the health caresector that might lie beyond what is observed in most countries.  Altogether,the results support a rather optimistic view on the relationship between lifeexpectancy and economic growth and contribute to the debate surroundingrising health shares and economic development.
KW  - Wirtschaftswachstum
KW  - Forschung und Entwicklung
KW  - Gesundheitswesen
KW  - Lebenserwartung 
CY  - Hohenheim
PB  - Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
AD  - Garbenstr. 15, 70593 Stuttgart
UR  - http://opus.uni-hohenheim.de/volltexte/2021/1858
ER  -