Endogenous life expectancy and R&D-based economic growth

Tscheuschner, Paul

Endogenous life expectancy and R&D-based economic growth

dc.contributor.author	Tscheuschner, Paul	de
dc.date.accessioned	2024-04-08T09:00:11Z
dc.date.available	2024-04-08T09:00:11Z
dc.date.created	2021-02-16
dc.date.issued	2021
dc.description.abstract	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.	en
dc.identifier.swb	1748374435
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6578
dc.identifier.urn	urn:nbn:de:bsz:100-opus-18586
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2021,01
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	Long-run growth	en
dc.subject	Horizontal innovation	en
dc.subject	Increasing life expectancy	en
dc.subject	Welfare effects of changing longevity	en
dc.subject	Size of health-care sectors	en
dc.subject.ddc	330
dc.subject.gnd	Wirtschaftswachstum	de
dc.subject.gnd	Forschung und Entwicklung	de
dc.subject.gnd	Gesundheitswesen	de
dc.subject.gnd	Lebenserwartung	de
dc.title	Endogenous life expectancy and R&D-based economic 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.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1858
local.series.issueNumber	2021,01
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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Endogenous life expectancy and R&D-based economic growth

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