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Longevity and technological change

Agnieszka Gehringer () and Klaus Prettner

No 01/2014, ECON WPS - Working Papers in Economic Theory and Policy from TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit

Abstract: We analyze the impact of increasing longevity on technological progress within an R&D-based endogenous growth framework and test the model's implications on OECD data from 1960 to 2011. The central hypothesis derived in the theoretical part is that - by raising the incentives of households to invest in physical capital and in R&D - decreasing mortality positively impacts upon technological progress and thereby also on productivity growth. The empirical results clearly confirm the theoretical prediction which implies that the ongoing demographic changes in industrialized economies are not necessarily detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned.

Keywords: Demographic Change; Longevity; Productivity; Technological Progress; Economic Prosperity (search for similar items in EconPapers)
JEL-codes: J11 O11 O40 O41 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-age, nep-eff, nep-gro, nep-hea and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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https://www.econstor.eu/bitstream/10419/102712/1/796803331.pdf (application/pdf)

Related works:
Journal Article: LONGEVITY AND TECHNOLOGICAL CHANGE (2019) Downloads
Working Paper: Longevity and technological change (2016) Downloads
Working Paper: Longevity and technological change (2014) Downloads
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