The impact of adult and non-adult mortality on development: Two centuries evidence from a panel of industrial countries
Dierk Herzer and
Journal of Policy Modeling, 2019, vol. 41, issue 2, 352-371
This study examines the effects of adult and non-adult mortality on the long-run level of income in a heterogeneous dynamic and cross-sectionally dependent panel. Employing data for 20 countries between 1800 and 2010, it is found that (i) while non-adult mortality has no long-run effect on GDP per capita, reductions in adult mortality lead to statistically and economically significant increases in the long-run level of per capita income; (ii) there are no significant differences in the long-run effects of adult mortality and non-adult mortality on GDP per capita before and after the onset of the demographic transition; and (iii) mortality in middle adulthood has the greatest impact on economic development, whereas early adulthood mortality and mortality in later adulthood have little to no impact on the long-run level of per capita income.
Keywords: Life expectancy; Adult mortality; Non-adult mortality; Economic development; Cross-sectional dependence (search for similar items in EconPapers)
JEL-codes: I15 O11 J11 C23 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:41:y:2019:i:2:p:352-371
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