EconPapers    
Economics at your fingertips  
 

Longevity and welfare in general equilibrium

Laurent Brembilla

Mathematical Social Sciences, 2018, vol. 93, issue C, 22-36

Abstract: Life expectancy is on the rise across the world. This paper analytically studies how it affects welfare in general equilibrium. First, we examine the exogenous impact of a longevity increase on welfare in a canonical Diamond model. We find that a longevity increase does not necessarily increase welfare. Second, we study the impact of a longevity increase on welfare when longevity improvements are costly. We show the existence of economies in which welfare is maximized when longevity is at its minimal level. We provide numerical illustrations of our results. They highlight that the age at which longevity improves and the cost of such improvements are important to determine the welfare impact of a longevity increase.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165489616300853
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:93:y:2018:i:c:p:22-36

Access Statistics for this article

Mathematical Social Sciences is currently edited by J.-F. Laslier

More articles in Mathematical Social Sciences from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2018-06-15
Handle: RePEc:eee:matsoc:v:93:y:2018:i:c:p:22-36