Abstract
This paper challenges conventional wisdom by arguing that greater longevity may have contributed less than previously thought for the significant accumulation of human capital during the transition from stagnation to growth. This is because when parents make choices over the quantity and quality of their offspring, greater longevity positively affects not only the returns to quality but also the returns to quantity. The theory suggests that in contrast to longevity, improvements in health are more likely to generate quantity quality tradeoff. Finally, it shows the importance of controlling for fertility when empirically examining the impact of children’s health on their education.
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An earlier version of this paper was presented under the title “Does Longevity Cause Growth?”. Zoabi’s research is supported by the Robert Schuman Centre for Advanced Studies at the European University Institute.
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Hazan, M., Zoabi, H. Does longevity cause growth? A theoretical critique. J Econ Growth 11, 363–376 (2006). https://doi.org/10.1007/s10887-006-9008-5
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DOI: https://doi.org/10.1007/s10887-006-9008-5