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Longevity, Education and Economic Growth

In: Population Aging, Fertility and Social Security

Author

Listed:
  • Akira Yakita

    (Nanzan University)

Abstract

This chapter examines the effect of population aging on development paths of an economy by distinguishing between human capital obtained through schooling before entering the labor force and the stock of common knowledge of contemporary workers about productivity improvements. Each individual determines his own human capital investment, i.e., schooling period, financing by borrowing. Therefore, spending on human capital formation reduces lifecycle savings and hence physical capital formation.

Suggested Citation

  • Akira Yakita, 2017. "Longevity, Education and Economic Growth," Population Economics, in: Population Aging, Fertility and Social Security, chapter 0, pages 131-140, Springer.
    • Handle: RePEc:spr:popchp:978-3-319-47644-5_9
    DOI: 10.1007/978-3-319-47644-5_9
    as

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