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010   $a9786612841095
010   $a1-4518-7016-7
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035   $a(EBL)1607921
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035   $a(PQKBTitleCode)TC0000944163
035   $a(PQKBWorkID)10982815
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035   $a(IMF)WPIEE2008158
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100   $a20020129d2008      uf         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
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2008.
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 3 $aThere is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living standards, even when adjusted for changes in life expectancy.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2008/158
606   $aLife expectancy$xEconometric models
606   $aIncome$xEconometric models
606   $aCost and standard of living$xEconometric models
606   $aConvergence (Economics)$xEconometric models
606   $aInsurance$2imf
606   $aLabor$2imf
606   $aMacroeconomics$2imf
606   $aHuman Capital$2imf
606   $aSkills$2imf
606   $aOccupational Choice$2imf
606   $aLabor Productivity$2imf
606   $aHealth: General$2imf
606   $aAggregate Factor Income Distribution$2imf
606   $aMacroeconomics: Consumption$2imf
606   $aSaving$2imf
606   $aWealth$2imf
606   $aInsurance Companies$2imf
606   $aActuarial Studies$2imf
606   $aLabour$2imf
606   $aincome economics$2imf
606   $aHealth economics$2imf
606   $aInsurance & actuarial studies$2imf
606   $aHuman capital$2imf
606   $aHealth$2imf
606   $aIncome$2imf
606   $aConsumption$2imf
606   $aEconomics$2imf
607   $aUnited States$2imf
615  0$aLife expectancy$xEconometric models.
615  0$aIncome$xEconometric models.
615  0$aCost and standard of living$xEconometric models.
615  0$aConvergence (Economics)$xEconometric models.
615  7$aInsurance
615  7$aLabor
615  7$aMacroeconomics
615  7$aHuman Capital
615  7$aSkills
615  7$aOccupational Choice
615  7$aLabor Productivity
615  7$aHealth: General
615  7$aAggregate Factor Income Distribution
615  7$aMacroeconomics: Consumption
615  7$aSaving
615  7$aWealth
615  7$aInsurance Companies
615  7$aActuarial Studies
615  7$aLabour
615  7$aincome economics
615  7$aHealth economics
615  7$aInsurance & actuarial studies
615  7$aHuman capital
615  7$aHealth
615  7$aIncome
615  7$aConsumption
615  7$aEconomics
676   $a612.68
700   $aUeda$b Kenichi$01610668
801  0$bDcWaIMF
906   $aBOOK
912   $a9910818148703321
996   $aLife Expectancy and Income Convergence in the World$93938508
997   $aUNINA