MARC Record from Library of Congress

LEADER: 01902cam a22002777a 4500
001 2011657309
003 DLC
005 20110831084833.0
007 cr |||||||||||
008 110830s2011 mau sb 000 0 eng
010 $a 2011657309
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aJones, Charles I.
245 10 $aLife and growth$h[electronic resource] /$cCharles I. Jones.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2011.
490 1 $aNBER working paper series ;$vworking paper 17094
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 8/30/2011.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"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.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 17094.
856 40 $uhttp://www.nber.org/papers/w17094