Quotation Gehringer, Agnieszka, Prettner, Klaus. 2019. Longevity and technological change. Macroeconomic Dynamics. 23 1471-1503.


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Abstract

We analyze the impact of increasing longevity on technological progress within an overlapping generations research and development (R&D)-based growth framework and test the model's implication on Organization for Economic Co-operation and Development (OECD) data from 1960 to 2011. The central hypothesis is that—by raising the incentives of households to invest in physical capital and in R&D—decreasing mortality positively affects technological progress and productivity growth. The empirical results confirm the theoretical prediction. This implies that the demographic changes we observed in industrialized economies over the last decades were not detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Macroeconomic Dynamics
Citation Index SSCI
WU-Journal-Rating new FIN-A, VW-C
Language English
Title Longevity and technological change
Volume 23
Year 2019
Page from 1471
Page to 1503
Reviewed? Y
URL https://www.cambridge.org/core/journals/macroeconomic-dynamics/article/longevity-and-technological-change/9EF04E833F1E061EA9913651BCB04C8E
DOI https://doi.org/10.1017/S1365100517000293
Open Access N

Associations

People
Prettner, Klaus (Details)
External
Gehringer, Agnieszka (University of Göttingen, Germany)
Organization
Department of Economics (Crespo Cuaresma) (Details)
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