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Life expectancy, money, and growth

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  • Akira Yakita

Abstract

In this chapter, assuming two assets of money and the claims on physical capital, we examine the effect of an increase in life expectancy on portfolio choices of individuals between these two assets. Money is introduced based on the money-in-the-utility-function approach. With capital externalities as an engine of growth, changes in portfolios of individuals affect the economic growth rate.
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Suggested Citation

  • Akira Yakita, 2006. "Life expectancy, money, and growth," Journal of Population Economics, Springer;European Society for Population Economics, vol. 19(3), pages 579-592, July.
    • Handle: RePEc:spr:jopoec:v:19:y:2006:i:3:p:579-592
    DOI: 10.1007/s00148-005-0017-z
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    Cited by:

    1. Masaya Shintani & Masaya Yasuoka, 2022. "Fertility, Inequality and Income Growth," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 8(1), pages 29-48, March.
    2. Taguchi, Hiroyuki & Latjin, Mirani, 2022. "The effects of demographic dynamics on economic growth in EU economies: A panel vector autoregressive approach," MPRA Paper 113596, University Library of Munich, Germany.
    3. Lei He & Na Li, 2020. "The linkages between life expectancy and economic growth: some new evidence," Empirical Economics, Springer, vol. 58(5), pages 2381-2402, May.
    4. Luciano Fanti, 2012. "Fertility and money in an OLG model," Discussion Papers 2012/145, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    5. Chang, Wen-ya & Chen, Ying-an & Chang, Juin-jen, 2013. "Growth and welfare effects of monetary policy with endogenous fertility," Journal of Macroeconomics, Elsevier, vol. 35(C), pages 117-130.
    6. Masaya Yasuoka, 2018. "Money and Pay-As-You-Go Pension," Economies, MDPI, vol. 6(2), pages 1-15, March.
    7. Masaya Yasuoka, 2018. "Fertility, Income Growth and Inflation," Discussion Paper Series 182, School of Economics, Kwansei Gakuin University, revised Jul 2018.

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    More about this item

    Keywords

    Economic growth; Life expectancy; Money; D91; E31; J11;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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