Endogenous Lifetime and Economic Growth Revisited
Helle Bunzel and
Xue Qiao ()
ISU General Staff Papers from Iowa State University, Department of Economics
Chakraborty [Journal of Economic Theory, 2004] introduces endogenous mortality in a two period overlapping generations model by postulating that the probability of surviving from the first period to the second depends on taxâˆ’funded public health. His central result on the existence of multiple steady states (including development traps) summarized in Proposition 1 is incorrect. This paper presents the correct proposition and its proof, and in the process, uncovers several new, interesting results. Contrary to Chakraborty's analysis, high mortality yet high capital nations may not be able to escape the poverty trap. Interestingly, TFP growth can help economies escape the vicious cycle of poverty.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://lib.dr.iastate.edu/cgi/viewcontent.cgi?art ... ontext=econ_las_pubs
Journal Article: Endogenous lifetime and economic growth revisited (2005)
Working Paper: Endogenous Lifetime and Economic Growth Revisited (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:200401010800001087
Access Statistics for this paper
More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().