Does Longevity Cause Growth?

Moshe Hazan () and Hosny Zoabi ()

No 4931, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This article challenges conventional wisdom by arguing that greater longevity cannot explain the significant accumulation of human capital during the transition from stagnation to growth. This is because greater longevity raises children’s future income proportionally at all levels of education, leaving the relative return between quality and quantity unaffected. This result is consistent with historical evidence that longevity began to increase long before education did. Our theory also casts doubts on recent findings about a positive effect of health on education. This is because health raises the marginal return on quality and quantity, resulting in an ambiguous effect on the accumulation of human capital. We conclude that longevity and health have had a minor effect, if any, on the transition from stagnation to growth via investment in education.

Keywords: education; fertility; growth; health; longevity (search for similar items in EconPapers)
JEL-codes: I10 I20 J10 O11 O40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-edu and nep-hea
Date: 2005-02
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Working Paper: Does Longevity Cause Growth (2005)
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