Arbeitspapier

Growth, longevity and public policy

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.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 1780

Klassifikation
Wirtschaft
One, Two, and Multisector Growth Models
General Aggregative Models: Neoclassical
National Government Expenditures and Health
Health Behavior

Ereignis
Geistige Schöpfung
(wer)
Ponthiere, Grégory
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2006

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Ponthiere, Grégory
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2006

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