Economic impact of gain in life expectancy: a case study of India
International Journal of Social Economics
ISSN: 0306-8293
Article publication date: 6 November 2023
Issue publication date: 20 June 2024
Abstract
Purpose
Few empirical studies examined the relationship between life expectancy and income in India. This study aims to examine the impact of life expectancy on economic growth in India by incorporating all the major states of India.
Design/methodology/approach
This study is based on secondary data and includes 16 major states of India covering the periods 2000–2014. The author used panel fixed effect model (FEM) to examine the impact of life expectancy on economic growth.
Findings
Empirical analysis revealed a positive trend in life expectancy in India. In association with life expectancy, the author found continuous growth in the elderly population. The result of the FEM shows that gains in life expectancy positively affect economic growth in India. The empirical findings do not support any negative impact of life expectancy gains on economic growth.
Originality/value
This study is the outcome of the independent and original research work of the authors and contributes significantly to the literature on the demography–economic relationship. The findings of this study help the author to understand that life expectancy gain is in no way a constraint, rather the skill and experience of the workforce are crucial to determining economic growth.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-06-2022-0422.
Keywords
Citation
Das, S. (2024), "Economic impact of gain in life expectancy: a case study of India", International Journal of Social Economics, Vol. 51 No. 7, pp. 857-869. https://doi.org/10.1108/IJSE-06-2022-0422
Publisher
:Emerald Publishing Limited
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