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Life Expectancy, Human Capital, Social Security and Growth

dc.contributor.authorEchevarría Olave, Cruz Ángel ORCID
dc.contributor.authorIza Padilla, María Amaya ORCID
dc.date.accessioned2012-02-06T12:48:05Z
dc.date.available2012-02-06T12:48:05Z
dc.date.issued2005
dc.identifier.issn1988-088X
dc.identifier.urihttp://hdl.handle.net/10810/6723
dc.descriptionRevised: 2006-11.-- Published as an article in: Journal of Public Economics 90(12), December, 2006, pp. 2323-2349.es
dc.description.abstractWe analyze the effects of changes in the mortality rate upon life expectancy, education, retirement age, human capital and growth in the presence of social security. We build a vintage growth, overlapping generations model in which individuals choose the time length of education and retirement age, and where unfunded social security pensions depend on workers'past contributions. Social security has a positive effect on education, but pension benefits favor reductions in retirement age. The net effect is that starting from a benchmark case, higher life expectancies give rise to lower growth rates in the presence of social security as the share of active population is reduced. In addition, higher social security contribution rates reduce the growth rate.es
dc.description.sponsorshipWe wish to thank Fundación BBVA, through Project 1/BBVA 00044.321-15467/2002, Ministry of Science and Technology, through Project SEC2003-04826/ECO, and Universidad del País Vasco through Grupo de Investigación Consolidado 9/UPV 00035.321-13511/2001 for their financial support.es
dc.language.isoenges
dc.publisherUniversity of the Basque Country, Department of Foundations of Economic Analysis IIes
dc.relation.ispartofseriesDFAEII 2005.17
dc.rightsinfo:eu-repo/semantics/openAccesses
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/*
dc.subjectmortality ratees
dc.subjectsocial securityes
dc.subjectgrowthes
dc.titleLife Expectancy, Human Capital, Social Security and Growthes
dc.typeinfo:eu-repo/semantics/workingPaperes
dc.rights.holderAttribution-NonCommercial-ShareAlike 3.0 Unported*
dc.subject.jelO40
dc.subject.jelH55
dc.subject.jelJ10
dc.identifier.repecRePEc:ehu:dfaeii:200517es
dc.departamentoesFundamentos del análisis económico IIes_ES
dc.departamentoeuEkonomia analisiaren oinarriak IIes_ES
dc.subject.categoriaECONOMIC DEVELOPMENT, TECHNOLOGICAL CHANGE, AND GROWTH
dc.subject.categoriaECONOMICS, ECONOMETRICS AND FINANCE
dc.subject.categoriaPUBLIC ECONOMICS
dc.subject.categoriaLABOR AND DEMOGRAPHIC ECONOMICS


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Attribution-NonCommercial-ShareAlike 3.0 Unported
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 3.0 Unported