A Model with Self-Fulfilling Prophecies of Longevity

Posted: 30 Jan 2014

See all articles by Giam Cipriani

Giam Cipriani

University of Verona - Department of Economics

Miltiadis Makris

Independent

Date Written: 2006

Abstract

In a model where longevity increases with average human capital, self-fulfilling prophecies of ageing can occur. If agents expect a low life expectancy they invest less in education, thus generating low human capital and longevity. As a result, policies that affect longevity expectations may be welfare-improving.

Keywords: Longevity, Indeterminacy, Self-fulfilling prophecies, Growth

JEL Classification: J13, O11, O40

Suggested Citation

Cipriani, Giam and Makris, Miltiadis, A Model with Self-Fulfilling Prophecies of Longevity (2006). Economics Letters, Vol. 91, 2006, Available at SSRN: https://ssrn.com/abstract=2387452

Giam Cipriani (Contact Author)

University of Verona - Department of Economics ( email )

Via dell'Artigliere, 8
37129 Verona
Italy

HOME PAGE: http://dse.univr.it/cipriani

Miltiadis Makris

Independent

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