Human Capital Formation, Life Expectancy and the Process of Economic Development
[INSTITUTE FOR THE STUDY OF LABOR (IZA) - By Matteo Cervellati and Uwe Sunde - Bonn, Germany - September 2002] This paper presents a microfounded theory of long-term development. We model the interplay between economic variables, namely the process of human capital formation and technological progress, and the biological constraint of finite lifetime expectancy. All these processes affect each other and are endogenously determined. The model is analytically solved and simulated for illustrative purposes. The resulting dynamics reproduce a long period of stagnant growth as well as an endogenous and rapid transition to a situation characterized by permanent growth. This transition can be interpreted as industrial revolution. Historical and empirical evidence is discussed and shown to be in line with the predictions of the model. (PDF)
ageing as exile?
This blog explores the intersection of aging, creativity, purpose, transition, learning and well-being. It is edited by Steve Dahlberg.
"Exile is the cradle of nationality," according to Michael Higgins, Ireland's former minister of arts, culture and the Gaeltacht. We should "presuppose a sort of dialogue among exiles" who are together in a new place. Viewing ageing as "exile" offers a new (and positive) perspective about exile and ageing - one that can lead to older people better understanding their common "nationality" of what it means to be fully human - to be part of a greater whole.
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