Longevity, human capital and domestic investment

Francisco Parro, Patricio Valenzuela

Research output: Contribution to journalArticlepeer-review


This article explores the interaction between aggregate initial human capital, life expectancy and domestic investment. The article introduces a simple model that predicts that the positive effect of life expectancy on the domestic investment rate is mitigated in economies with a higher level of initial human capital. Using a large panel of countries over the past five decades, the article presents empirical evidence consistent with the main prediction of the model.

Original languageEnglish
Pages (from-to)1547-1553
Number of pages7
JournalEconomics Bulletin
Issue number3
StatePublished - 2018
Externally publishedYes


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