Ontology highlight
ABSTRACT:
SUBMITTER: Vu TV
PROVIDER: S-EPMC10092450 | biostudies-literature | 2023 Feb
REPOSITORIES: biostudies-literature
Health economics 20221031 2
This paper re-examines a well-established hypothesis postulating that life expectancy augments incentives for human capital accumulation, leading to global income differences. A major distinguishing feature of the current study is to estimate heterogeneous panel data models under a common factor framework, which explicitly accounts for parameter heterogeneity, unobserved common factors (UCFs), and variables' non-stationarity. In sharp contrast to most previous studies, I find that the impact of ...[more]