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Growth, Longevity and Public Policy

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  • Gregory Ponthiere

Abstract

This paper studies the optimal long-run public intervention in a two-period OLG model where the probability of surviving the first period and the length of the second period can be influenced by distinct policies. While the optimal size of public intervention depends on the extra-productivity of public spendings in longevity, its optimal structure is determined by (1) differences in the productivity of each policy; (2) how growth would influence each longevity aspect under laissez-faire; (3) the dependence of each longevity aspect on past achievements. Given competing effects, the optimal intervention can hardly, under additive expected lifetime utility, be strongly unbalanced.

Suggested Citation

  • Gregory Ponthiere, 2006. "Growth, Longevity and Public Policy," CESifo Working Paper Series 1780, CESifo.
    • Handle: RePEc:ces:ceswps:_1780
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    File URL: https://www.cesifo.org/DocDL/cesifo1_wp1780.pdf
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    References listed on IDEAS

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    Cited by:

    1. Pierre Pestieau & Gregory Ponthiere & Motohiro Sato, 2008. "Longevity, Health Spending, and Pay-as-you-Go Pensions," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 64(1), pages 1-18, March.
    2. PESTIEAU, Pierre & PONTHIÈRE, Grégory & SATO, Motohiro, 2006. "Longevity and Pay-as-you-Go pensions," LIDAM Discussion Papers CORE 2006054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Ahmad Naimzada & Giorgio Ricchiuti, 2006. "The Non-monotonic Relationship between Taxation and Long Term Equilibrium in a Model of Endogenous Lifetime and Economic Growth," Working Papers 105, University of Milano-Bicocca, Department of Economics, revised 2006.

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    Keywords

    growth; longevity; public policy; rectangularization;
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