Life Expectancy and Economic Growth : The Role of the Demographic Transition
Journal
Journal of Economic Growth
ISSN
1381-4338
ISSN-Digital
1573-7020
Type
journal article
Date Issued
2011-06
Author(s)
Cervellati, Matteo
;
Sunde, Uwe
Abstract
This paper investigates the hypothesis that the causal effect of life expectancy on income per capita growth is non-monotonic. This hypothesis follows from the recent literature on unified growth, in which the demographic transition represents an important turning point for population dynamics and hence plays a central role for the transition from stagnation to growth. Results from different empirical specifications and identification strategies document that the effect is non-monotonic, negative (but often insignificant) before the onset of the demographic transition, but strongly positive after its onset. The results provide a new interpretation of the contradictory existing evidence and have relevant policy implications
Language
English
Keywords
Life Expectancy
Income Growth
Demographic Transition
Population Growth
Fertility
Unified Growth Theories
Non-Linear Dynamics
Non-Monotocities
IV Estimates
Epidemiological Revolution
HSG Classification
contribution to practical use / society
Refereed
Yes
Publisher
Springer
Publisher place
Berlin
Volume
16
Number
2
Start page
99
End page
133
Pages
35
Subject(s)
Division(s)
Eprints ID
116744
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LIfe Expectancy and Economic Growth_final.pdf
Size
641.26 KB
Format
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