03468nam 2200661 450 991046358620332120181027005058.01-4623-0030-81-4527-5311-31-282-84109-297866128410951-4518-7016-7(CKB)3170000000055055(EBL)1607921(SSID)ssj0000944163(PQKBManifestationID)11524008(PQKBTitleCode)TC0000944163(PQKBWorkID)10982815(PQKB)10956260(OCoLC)762700108(MiAaPQ)EBC1607921(EXLCZ)99317000000005505520140226h20082008 uy 0engurcnu||||||||txtccrLife expectancy and income convergence in the world a dynamic general equilibrium analysis /Kenichi Ueda[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (36 p.)IMF Working PapersIMF working paper ;WP/08/158Description based upon print version of record.1-4519-1469-5 Contents; I. Introduction; II. Model and Quantitative Results; A. Technology and Preference; B. Representative Agent; C. Neutrality of Longevity under Neoclassical Assumptions; D. Positive Value of Life with Costly Human Capital Transfer; III. Quantitative Assessment; A. Computable Form; B. Benchmark Parameter Values; C. Dynastic General Equilibrium Value of Life; D. Sensitivity Analysis; E. Income Convergence; IV. Case and Imperfect Altruism; V. Concluding Remarks; Reference; Figures; 1. Evolution of Life Expectancy; Tables; 1. Parameter Values; 2. Benchmark Quantitative Assessment3. Sensitivity Analysis 4. Convergence of Income and Full Income; Appendices; I. Solutions; A. Optimal H/K Ratio; B. Euler Equation; II. Imperfect Altruism Case; A. Proof of Proposition 2; B. Proof of Proposition 3There 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 livingIMF Working PapersLife expectancyEconometric modelsIncomeEconometric modelsCost and standard of livingEconometric modelsConvergence (Economics)Econometric modelsElectronic books.Life expectancyEconometric models.IncomeEconometric models.Cost and standard of livingEconometric models.Convergence (Economics)Econometric models.612.68Ueda Kenichi865251MiAaPQMiAaPQMiAaPQBOOK9910463586203321Life expectancy and income convergence in the world2260300UNINA