LEADER 03468nam 2200661 450 001 9910463586203321 005 20181027005058.0 010 $a1-4623-0030-8 010 $a1-4527-5311-3 010 $a1-282-84109-2 010 $a9786612841095 010 $a1-4518-7016-7 035 $a(CKB)3170000000055055 035 $a(EBL)1607921 035 $a(SSID)ssj0000944163 035 $a(PQKBManifestationID)11524008 035 $a(PQKBTitleCode)TC0000944163 035 $a(PQKBWorkID)10982815 035 $a(PQKB)10956260 035 $a(OCoLC)762700108 035 $a(MiAaPQ)EBC1607921 035 $a(EXLCZ)993170000000055055 100 $a20140226h20082008 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aLife expectancy and income convergence in the world $ea dynamic general equilibrium analysis /$fKenichi Ueda 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (36 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/158 300 $aDescription based upon print version of record. 311 $a1-4519-1469-5 327 $aContents; 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 Assessment 327 $a3. 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 3 330 $aThere is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living 410 0$aIMF Working Papers 606 $aLife expectancy$xEconometric models 606 $aIncome$xEconometric models 606 $aCost and standard of living$xEconometric models 606 $aConvergence (Economics)$xEconometric models 608 $aElectronic books. 615 0$aLife expectancy$xEconometric models. 615 0$aIncome$xEconometric models. 615 0$aCost and standard of living$xEconometric models. 615 0$aConvergence (Economics)$xEconometric models. 676 $a612.68 700 $aUeda$b Kenichi$0865251 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463586203321 996 $aLife expectancy and income convergence in the world$92260300 997 $aUNINA