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Economica - 2022 - Kuhn - Rising Longevity Increasing the Retirement Age and the Consequences for Knowledge‐based.pdf

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/99438 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/99438 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/99438 archive 2 disk0/00/01/83/16 2022-10-20 09:05:47 2023-01-25 11:01:09 2022-10-20 09:05:47 article show Kuhn M. 2235 Prettner K. pub EF We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on the retirement response. Employing numerical analysis, we find that the requirement for experiencing a growth stimulus from rising longevity is fulfilled by the USA, nearly met by the average OECD economy, but missed by the European Union and by Japan. 2023-01 doi:10.1111/ecca.12445 3124 public Economica 90 357 39-64 TRUE 0013-0427 info:eu-repo/semantics/article