05074oam 22012014 450 991081814870332120240402050322.01-4623-0030-81-4527-5311-31-282-84109-297866128410951-4518-7016-7(CKB)3170000000055055(EBL)1607921(SSID)ssj0000944163(PQKBManifestationID)11524008(PQKBTitleCode)TC0000944163(PQKBWorkID)10982815(PQKB)10956260(OCoLC)762700108(MiAaPQ)EBC1607921(IMF)WPIEE2008158(EXLCZ)99317000000005505520020129d2008 uf 0engurcnu||||||||txtccrLife Expectancy and Income Convergence in the World : A Dynamic General Equilibrium Analysis /Kenichi Ueda1st ed.Washington, D.C. :International Monetary Fund,2008.1 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 living standards, even when adjusted for changes in life expectancy.IMF Working Papers; Working Paper ;No. 2008/158Life expectancyEconometric modelsIncomeEconometric modelsCost and standard of livingEconometric modelsConvergence (Economics)Econometric modelsInsuranceimfLaborimfMacroeconomicsimfHuman CapitalimfSkillsimfOccupational ChoiceimfLabor ProductivityimfHealth: GeneralimfAggregate Factor Income DistributionimfMacroeconomics: ConsumptionimfSavingimfWealthimfInsurance CompaniesimfActuarial StudiesimfLabourimfincome economicsimfHealth economicsimfInsurance & actuarial studiesimfHuman capitalimfHealthimfIncomeimfConsumptionimfEconomicsimfUnited StatesimfLife expectancyEconometric models.IncomeEconometric models.Cost and standard of livingEconometric models.Convergence (Economics)Econometric models.InsuranceLaborMacroeconomicsHuman CapitalSkillsOccupational ChoiceLabor ProductivityHealth: GeneralAggregate Factor Income DistributionMacroeconomics: ConsumptionSavingWealthInsurance CompaniesActuarial StudiesLabourincome economicsHealth economicsInsurance & actuarial studiesHuman capitalHealthIncomeConsumptionEconomics612.68Ueda Kenichi1610668DcWaIMFBOOK9910818148703321Life Expectancy and Income Convergence in the World3938508UNINA