Mortality decline and long-run economic growth

• 成果类型: Article
• 署名作者: Zhang, JS; Zhang, J; Lee, R
• 署名单位: Western University (University of Western Ontario); Chinese University of Hong Kong; Victoria University Wellington; University of California System; University of California Berkeley
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(00)00122-5
• 发表日期: 2001
• 页码: 485-507
• 关键词: mortality decline; dynastic family; longevity; Social Security

摘要

This paper examines the impacts of mortality decline on long-run growth in a dynastic family, two-sector growth model with social security. A rise in longevity has direct effects on fertility, human capital investment, and growth, as well as indirect effects through increasing unfunded social security contributions. Both the direct and indirect effects depend on the relative strength of the tastes for the number and welfare of children and may have different signs. The net effects of rising longevity on fertility tend to be negative, but positive on human capital investment and growth. (C) 2001 Elsevier Science S.A. All rights reserved.