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Life Expectancy and Endogenous Growth

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de la Croix, David [UCL] Licandro-Goldaracena, Omar [Universidad Carlos III]

We consider an overlapping generations model with uncertain lifetime and endogenous growth. Individuals have to choose the length of time devoted to schooling before starting to work. We show that it depends positively on life expectancy but that the positive effect of a longer life on growth could be offset by a decrease in the participation rate. Dynamics are characterized by a delay differential equation and human capital converges with oscillations to a balanced growth path.

Document type Document de travail (Working Paper)
Access type Accès libre
Publication date 1997
Language Anglais
Number of pages 6 pages
Collection IRES Discussion Paper - 9729
Affiliations UCL - ESPO/ECON - Département des sciences économiques
Universidad Carlos III
Keywords Endoegenous growth ; Human capital ; Life expectancy ; Lambert W function ; Delay differential equation
Links
Bibliographic reference de la Croix, David ; Licandro-Goldaracena, Omar. Life Expectancy and Endogenous Growth. IRES Discussion Paper ; 9729 (1997) 6 pages
Permanent URL http://hdl.handle.net/2078.1/75701