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150128 ||| eng |
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|a 9781451870169
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|a Ueda, Kenichi
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|a Life Expectancy and Income Convergence in the World
|b A Dynamic General Equilibrium Analysis
|c Kenichi Ueda
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2008
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| 300 |
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|a 34 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Health
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| 653 |
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|a Wealth
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| 653 |
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|a Income
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| 653 |
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|a Labour; income economics
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| 653 |
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|a Human capital
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| 653 |
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|a Saving
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| 653 |
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|a Skills
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| 653 |
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|a Aggregate Factor Income Distribution
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| 653 |
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|a Labor
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| 653 |
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|a Health economics
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| 653 |
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|a Labor Productivity
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| 653 |
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|a Health: General
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| 653 |
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|a Consumption; Economics
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| 653 |
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|a Consumption
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Occupational Choice
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| 653 |
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|a Actuarial Studies
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| 653 |
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|a Human Capital
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| 653 |
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|a Insurance Companies
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| 653 |
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|a Insurance
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| 653 |
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|a Insurance & actuarial studies
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451870169.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2008/158/001.2008.issue-158-en.xml?cid=22061-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living standards, even when adjusted for changes in life expectancy
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