Life Expectancy and Income Convergence in the World: A Dynamic General Equilibrium Analysis
There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibri...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2008
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| Series: | IMF Working Papers
Working Paper No. 08/158 |
| Subjects: | |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living standards, even when adjusted for changes in life expectancy |
| Physical Description: | 1 Online-Ressource (34 p) |
| ISBN: | 1451870167 9781451870169 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:33Z |
| institution | BVB |
| isbn | 1451870167 9781451870169 |
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| physical | 1 Online-Ressource (34 p) |
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| series2 | IMF Working Papers |
| spelling | Ueda, Kenichi Verfasser aut Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis Ueda, Kenichi Washington, D.C International Monetary Fund 2008 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/158 There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living standards, even when adjusted for changes in life expectancy Online-Ausg Convergence (Economics) Econometric models Cost and standard of living Econometric models Income Econometric models Life expectancy Econometric models Electronic books http://elibrary.imf.org/view/IMF001/09363-9781451870169/09363-9781451870169/09363-9781451870169.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Ueda, Kenichi Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis Convergence (Economics) Econometric models Cost and standard of living Econometric models Income Econometric models Life expectancy Econometric models |
| title | Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis |
| title_auth | Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis |
| title_exact_search | Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis |
| title_exact_search_txtP | Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis |
| title_full | Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis Ueda, Kenichi |
| title_fullStr | Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis Ueda, Kenichi |
| title_full_unstemmed | Life Expectancy and Income Convergence in the World A Dynamic General Equilibrium Analysis Ueda, Kenichi |
| title_short | Life Expectancy and Income Convergence in the World |
| title_sort | life expectancy and income convergence in the world a dynamic general equilibrium analysis |
| title_sub | A Dynamic General Equilibrium Analysis |
| topic | Convergence (Economics) Econometric models Cost and standard of living Econometric models Income Econometric models Life expectancy Econometric models |
| topic_facet | Convergence (Economics) Econometric models Cost and standard of living Econometric models Income Econometric models Life expectancy Econometric models |
| url | http://elibrary.imf.org/view/IMF001/09363-9781451870169/09363-9781451870169/09363-9781451870169.xml |
| work_keys_str_mv | AT uedakenichi lifeexpectancyandincomeconvergenceintheworldadynamicgeneralequilibriumanalysis |