Longevity, Human Capital and Domestic Investment

Francisco Parro and Patricio Valenzuela

Economics Bulletin, 2018, vol. 38, issue 3, 1547-1553

Abstract: This article explores the interaction between aggregate initial human capital, life expectancy and domestic investment. The article introduces a simple model that predicts that the positive effect of life expectancy on the domestic investment rate is mitigated in economies with a higher level of initial human capital. Using a large panel of countries over the past five decades, the article presents empirical evidence consistent with the main prediction of the model.

Keywords: Domestic investment; Life expectancy; Human capital (search for similar items in EconPapers)
JEL-codes: E2 J1 (search for similar items in EconPapers)
Date: 2018-09-07
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Working Paper: Longevity, Human Capital and Domestic Investment (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-18-00588

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