New government spending increases lifespans

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Reference no: EM131391810

Suppose that new government spending increases lifespans. In our model what should be the effect of this on hours worked per person in a given time period? Does it matter whether government spending adds extra years to the lifespan of living adults without improving their morbidity or if it expands both the peak and end years by equivalent amounts? What evidence exists for the predictions you have made that you are aware of? ( This is one period closed-economy model)

Reference no: EM131391810

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