A Model with Self-Fulfilling Prophecies of Longevity
Posted: 30 Jan 2014
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: 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
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