Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth

Prettner, Klaus; Kuhn, Michael

Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth

dc.contributor.author	Prettner, Klaus	de
dc.contributor.author	Kuhn, Michael	de
dc.date.accessioned	2024-04-08T08:58:53Z
dc.date.available	2024-04-08T08:58:53Z
dc.date.created	2020-04-02
dc.date.issued	2020
dc.description.abstract	We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from rising longevity is fulfilled for the United States, nearly met for the average OECD economy, but missed by the EU and by Japan.	en
dc.identifier.swb	1693807823
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6492
dc.identifier.urn	urn:nbn:de:bsz:100-opus-17407
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2020,02
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Demographic change	en
dc.subject	Rising life expectancy	en
dc.subject	Pension reforms	en
dc.subject	Long-run economic growth	en
dc.subject	R&D	en
dc.subject	Innovation	en
dc.subject.ddc	330
dc.subject.gnd	Rentenreform	de
dc.title	Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Prettner2020, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6492}, author = {Prettner, Klaus and Kuhn, Michael}, title = {Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth}, year = {2020}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Prettner, Klaus and Kuhn, Michael
local.export.bibtexKey	Prettner2020
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1740
local.series.issueNumber	2020,02
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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