Life Expectancy, Money, and Growth

Akira Yakita

Chapter Chapter 2 in Population Aging, Fertility and Social Security, 2017, pp 13-26 from Springer

Abstract: Abstract In this chapter, assuming two assets of money and the claims on physical capital, we examine the effect of an increase in life expectancy on portfolio choices of individuals between these two assets. Money is introduced based on the money-in-the-utility-function approach. With capital externalities as an engine of growth, changes in portfolios of individuals affect the economic growth rate.

Keywords: Capital Stock; Inflation Rate; Money Supply; Increase Life Expectancy; Nominal Interest Rate (search for similar items in EconPapers)
Date: 2017
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Journal Article: Life expectancy, money, and growth (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:popchp:978-3-319-47644-5_2

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DOI: 10.1007/978-3-319-47644-5_2

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