Consequences of increased longevity for wealth, fertility, and population growth

Details Consequences of increased longevity for wealth, fertility, and population growth Consequences of increased longevity for wealth, fertility, and population growth

2008-06-18

arxiv.org/abs/0806.2964v1

Physica A 387 (2008) 543

Economy

Quantitative Finance

General Finance

13 pages, 5 figures, uses elsart.cls

Scientific paper

10.1016/j.physa.2007.09.004

We present, solve and numerically simulate a simple model that describes the consequences of increased longevity on fertility rates, population growth and the distribution of wealth in developed societies. We look at the consequences of the repeated use of life extension techniques and show that they represent a novel commodity whose introduction will profoundly influence key aspects of economy and society in general. In particular, we uncover two phases within our simplified model, labeled as 'mortal' and 'immortal'. Within the life extension scenario it is possible to have sustainable economic growth in a population of stable size, as a result of dynamical equilibrium between the two phases.

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