10 papers analyzed
Some studies suggest that increased life expectancy significantly boosts human capital investment and economic growth, while other studies indicate that it may not necessarily increase labor supply or economic growth due to various factors such as bequests and parameter heterogeneity.
6 papers analyzed
The relationship between life expectancy and human capital investment is a critical area of study in understanding economic growth and development. Human capital, which includes education and skills, is essential for economic productivity. This synthesis examines how changes in life expectancy influence human capital investment, drawing on multiple research studies.
Positive Impact of Increased Life Expectancy on Human Capital Investment:
Role of Retirement and Working Period:
Economic Growth and Human Capital Formation:
Heterogeneity in Findings:
In summary, the majority of research supports the notion that increased life expectancy positively influences human capital investment, primarily through extended education and improved childhood health. However, the relationship is nuanced and can be affected by factors such as retirement age and intergenerational transfers. While some studies find imprecise estimates, the overall trend suggests that longer life expectancies generally encourage greater investment in human capital, which is crucial for economic growth.
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