01729cas a2200241 a 4500 AALejournalIMF005162 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870169 1018-5941 BD-DhAAL BD-DhAAL Ueda, Kenichi. Life Expectancy and Income Convergence in the World : A Dynamic General Equilibrium Analysis / Kenichi Ueda. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living standards, even when adjusted for changes in life expectancy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/158 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/158/001.2008.issue-158-en.xml IMF e-Library