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.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 1547-1553 |
| Number of pages | 7 |
| Journal | Economics Bulletin |
| Volume | 38 |
| Issue number | 3 |
| State | Published - 2018 |
All Science Journal Classification (ASJC) codes
- General Economics, Econometrics and Finance
