[PDF][PDF] Golden-rule social security and public health in a dynastic model with endogenous longevity and fertility

SL Yew, J Zhang - 2011 - core.ac.uk
In this paper we investigate long-run optimal social security and public health and their
effects on fertility, longevity, capital intensity, output per worker and welfare in a dynastic
model with altruistic bequests. Under empirically plausible conditions, social security and
public health reduce fertility and raise longevity, capital intensity and output per worker. The
effects of social security, except that on longevity, are stronger than those of public health.
Numerically, they can improve welfare (better when they are used together than used …

Golden-rule social security and public health in a dynastic model with endogenous longevity and fertility

J Zhanga, SL Yew - 2011 - ideas.repec.org
In this paper we investigate long-run optimal social security and public health and their
effects on fertility, longevity, capital intensity, output per worker and welfare in a dynastic
model with altruistic bequests. Under empirically plausible conditions, social security and
public health reduce fertility and raise longevity, capital intensity and output per worker. The
effects of social security, except that on longevity, are stronger than those of public health.
Numerically, they can improve welfare (better when they are used together than used …
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