RT Generic
T1 Endogenous life expectancy and R&D-based economic growth
A1 Tscheuschner,Paul
WP 2021/02/16
AB 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.
K1 Wirtschaftswachstum
K1 Forschung und Entwicklung
K1 Gesundheitswesen
K1 Lebenserwartung 
PP Hohenheim
PB Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
UL http://opus.uni-hohenheim.de/volltexte/2021/1858