Life Expectancy and Income Convergence in the World.

There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibri...

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Détails bibliographiques
Cote:Libro Electrónico
Auteur principal: Ueda, Kenichi
Format: Électronique eBook
Langue:Inglés
Publié: Washington : International Monetary Fund, 2008.
Collection:IMF Working Papers.
Sujets:
Life expectancy > Econometric models.
Income > Econometric models.
Cost and standard of living > Econometric models.
Convergence (Economics) > Econometric models.
Espérance de vie > Modèles économétriques.
Revenu > Modèles économétriques.
Coût et niveau de la vie > Modèles économétriques.
Rapprochement (Économie) > Modèles économétriques.
Convergence (Economics) > Econometric models
Cost and standard of living > Econometric models
Income > Econometric models
Life expectancy > Econometric models
Accès en ligne:Texto completo
Description
Résumé:There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living s.
Description matérielle:1 online resource (36 pages)
ISBN:9781451914696
1451914695

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