Longevity, human capital and domestic investment

Francisco Parro; Patricio Valenzuela

Longevity, human capital and domestic investment

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Resumen

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.

Idioma original	Inglés
Páginas (desde-hasta)	1547-1553
Número de páginas	7
Publicación	Economics Bulletin
Volumen	38
N.º	3
Estado	Publicada - 2018
Publicado de forma externa	Sí

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title = "Longevity, human capital and domestic investment",

abstract = "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.",

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AU - Parro, Francisco

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AB - 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.

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JO - Economics Bulletin

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Longevity, human capital and domestic investment

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