Is the increase in life expectancy a positive or a negative indicator of an economy?
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theory, an increase in life expectancy may have positive or negative effects on per capita income. On the one hand it may increase the productivity of available resources, e.g., by improving health of workers, and it may increase the incentives to undertake long-term investments like (most notably) human capital
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In theory, an increase in life expectancy may have positive or negative effects on per capita income. On the one hand it may increase the productivity of available resources, e.g., by improving health of workers, and it may increase the incentives to undertake long-term investments like (most notably) human capital.
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