I feel like a real economist now — I’ve got my first referee report to read the prior literature :)
My gut feeling is that it will increase, because it might lead to an increase in lifespan. That’s so far beyond what we can do now that I think marginal utility goes up.
Depends how much it costs to lengthen life, and how much more the second added century costs than the first, and what people’s discount rates are… but yes, agreed that allowing for increased lifespan is one way the marginal utility of consumption could really rise!
I feel like a real economist now — I’ve got my first referee report to read the prior literature :)
My gut feeling is that it will increase, because it might lead to an increase in lifespan. That’s so far beyond what we can do now that I think marginal utility goes up.
Depends how much it costs to lengthen life, and how much more the second added century costs than the first, and what people’s discount rates are… but yes, agreed that allowing for increased lifespan is one way the marginal utility of consumption could really rise!