Lifelong Education and Health Investment: Implications for Life Expectancy, Economic Growth and Public Policy
Australian Research Council (ARC)
ARC Discovery Project
Start / End Date: 2007 to 2010
Associate Professor KK Tang, ARC Discovery Project DP0878752
In the past half of a century, most OECD countries have witnessed a rapidly ageing population and steadily falling retirement age and saving rates. Maintaining workforce participation rates and productivity becomes an urgent issue for the economic sustainability of these countries; lifetime investment in education and health is believed to play a big role. This project examines: (1) how the allocation of resources to health and education investments between young and old workers impact on labour participation and productivity; and (2) how public investment on health and education can be used to promote economic growth and enhance social welfare.