Economic impact of gain in life expectancy: a case study of India

IF 1.9 Q2 ECONOMICS

INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS Pub Date : 2023-11-06 DOI:10.1108/ijse-06-2022-0422

Sujoy Das

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Abstract

Purpose Few empirical studies examined the relationship between life expectancy and income in India. This study aims to examine the impact of life expectancy on economic growth in India by incorporating all the major states of India. Design/methodology/approach This study is based on secondary data and includes 16 major states of India covering the periods 2000–2014. The author used panel fixed effect model (FEM) to examine the impact of life expectancy on economic growth. Findings Empirical analysis revealed a positive trend in life expectancy in India. In association with life expectancy, the author found continuous growth in the elderly population. The result of the FEM shows that gains in life expectancy positively affect economic growth in India. The empirical findings do not support any negative impact of life expectancy gains on economic growth. Originality/value This study is the outcome of the independent and original research work of the authors and contributes significantly to the literature on the demography–economic relationship. The findings of this study help the author to understand that life expectancy gain is in no way a constraint, rather the skill and experience of the workforce are crucial to determining economic growth. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-06-2022-0422 .

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预期寿命延长对经济的影响:以印度为例

在印度，很少有实证研究考察了预期寿命与收入之间的关系。本研究旨在通过纳入印度所有主要州来检查预期寿命对印度经济增长的影响。本研究基于二手数据，包括2000-2014年期间印度16个主要邦。本文采用面板固定效应模型(FEM)检验了预期寿命对经济增长的影响。实证分析显示，印度人的预期寿命呈积极趋势。与预期寿命相关，作者发现老年人口持续增长。FEM的结果表明，预期寿命的增加对印度的经济增长产生了积极影响。实证结果不支持预期寿命增加对经济增长有任何负面影响。本研究是作者独立、原创性研究的成果，对人口与经济关系的文献研究有重要贡献。这项研究的发现有助于作者理解预期寿命的增长绝不是一种限制，相反，劳动力的技能和经验对决定经济增长至关重要。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-06-2022-0422。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS ECONOMICS-

CiteScore

3.20

自引率

5.30%

发文量

期刊介绍： The International Journal of Social Economics publishes original and peer-reviewed theoretical and empirical research in the field of social economics. Its focus is on the examination and analysis of the interaction between economic activity, individuals and communities. Social economics focuses on the relationship between social action and economies, and examines how social and ethical norms influence the behaviour of economic agents. It is inescapably normative and focuses on needs, rather than wants or preferences, and considers the wellbeing of individuals in communities: it accepts the possibility of a common good rather than conceiving of communities as merely aggregates of individual preferences and the problems of economics as coordinating those preferences. Therefore, contributions are invited which analyse and discuss well-being, welfare, the nature of the good society, governance and social policy, social and economic justice, social and individual economic motivation, and the associated normative and ethical implications of these as they express themselves in, for example, issues concerning the environment, labour and work, education, the role of families and women, inequality and poverty, health and human development.