Endogenous life expectancy and R&D-based economic growth

dc.contributor.authorTscheuschner, Paulde
dc.date.accessioned2024-04-08T09:00:11Z
dc.date.available2024-04-08T09:00:11Z
dc.date.created2021-02-16
dc.date.issued2021
dc.description.abstractWe 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.swb1748374435
dc.identifier.urihttps://hohpublica.uni-hohenheim.de/handle/123456789/6578
dc.identifier.urnurn:nbn:de:bsz:100-opus-18586
dc.language.isoeng
dc.relation.ispartofseriesHohenheim discussion papers in business, economics and social sciences; 2021,01
dc.rights.licensepubl-mit-poden
dc.rights.licensepubl-mit-podde
dc.rights.urihttp://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subjectLong-run growthen
dc.subjectHorizontal innovationen
dc.subjectIncreasing life expectancyen
dc.subjectWelfare effects of changing longevityen
dc.subjectSize of health-care sectorsen
dc.subject.ddc330
dc.subject.gndWirtschaftswachstumde
dc.subject.gndForschung und Entwicklungde
dc.subject.gndGesundheitswesende
dc.subject.gndLebenserwartungde
dc.titleEndogenous life expectancy and R&D-based economic growthde
dc.type.dcmiTextde
dc.type.diniWorkingPaperde
local.accessuneingeschränkter Zugriffen
local.accessuneingeschränkter Zugriffde
local.bibliographicCitation.publisherPlaceUniversität Hohenheimde
local.export.bibtex@techreport{Tscheuschner2021, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6578}, author = {Tscheuschner, Paul}, title = {Endogenous life expectancy and R&D-based economic growth}, year = {2021}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthorTscheuschner, Paul
local.export.bibtexKeyTscheuschner2021
local.export.bibtexType@techreport
local.faculty.number3de
local.institute.number520de
local.opus.number1858
local.series.issueNumber2021,01
local.series.titleHohenheim discussion papers in business, economics and social sciences
local.universityUniversität Hohenheimde
local.university.facultyFaculty of Business, Economics and Social Sciencesen
local.university.facultyFakultät Wirtschafts- und Sozialwissenschaftende
local.university.instituteInstitute for Economicsen
local.university.instituteInstitut für Volkswirtschaftslehrede

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