EconPapers    
Economics at your fingertips  
 

Longer Life, Higher Welfare?

Michael Grimm and Kenneth Harttgen

No 556, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: Whereas life expectancy continues to increase in most industrialized countries many developing and transition countries are today confronted with decreases in life expectancy. Usual measures employed to compare welfare over time and space fail to deal with such demographic change and may lead to the so-called 'repugnant' conclusion that lower life expectancy involves higher welfare per capita. We illustrate this type of transmission channel using various welfare criteria and reference populations. We also consider feed-back effects from the demography on the economy using a neo-classical growth model. We show that the 'repugnant' conclusion can be avoided if we choose a lifetime welfare measure instead of a period (or snapshot) welfare measure. All concepts are illustrated empirically using a small sample of developed and developing countries.

Keywords: Life expectancy; Repugnant conclusion; Welfare comparisons (search for similar items in EconPapers)
JEL-codes: D63 I31 J11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hea and nep-ltv
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.diw.de/documents/publikationen/73/diw_01.c.44054.de/dp556.pdf (application/pdf)

Related works:
Journal Article: Longer life, higher welfare? (2008) Downloads
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:diw:diwwpp:dp556

Access Statistics for this paper

More papers in Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().

 
Page updated 2019-12-09
Handle: RePEc:diw:diwwpp:dp556