Life and growth
By: Charles I. Jones
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 17094; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17094.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.  Some technologies save lives - new vaccines, new surgical techniques, safer highways.  Others threaten lives - pollution, nuclear accidents, global warming, the rapid global transmission of disease, and bioengineered viruses.  How is growth theory altered when technologies involve life and death instead of just higher consumption? This paper shows that taking life into account has first-order consequences.  Under standard preferences, the value of life may rise faster than consumption, leading society to value safety over consumption growth.  As a result, the optimal rate of consumption growth may be substantially lower than what is feasible, in some cases falling all the way to zero"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 8/30/2011.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.