| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1016/j.jedc.2016.09.004 |
| Education, lifetime labor supply, and longevity improvements. | |
| Sánchez-Romero M; d'Albis H; Fürnkranz-Prskawetz A | |
| 发表日期 | 2016 |
| 出处 | Journal of Economic Dynamics and Control 73: 118-141 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper presents an analysis of the differential role of mortality for the optimal schooling and retirement age when the accumulation of human capital follows the so-called “Ben-Porath mechanism”. We set up a life-cycle model of consumption and labor supply at the extensive margin that allows for endogenous human capital formation. This paper makes two important contributions. First, we provide the conditions under which a decrease in mortality leads to a longer education period and an earlier retirement age. Second, those conditions are decomposed into a Ben-Porath mechanism and a lifetime-human wealth effect vs. the years-to-consume effect. Finally, using US and Swedish data for cohorts born between 1890 and 2000, we show that our model can match the empirical evidence. |
| 主题 | World Population (POP) |
| 关键词 | Mortality decline Early retirement Increasing length of schooling Ben-Porath mechanism Years-to-consume effect Lifetime human wealth effect |
| URL | http://pure.iiasa.ac.at/id/eprint/13828/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/130540 |
| 推荐引用方式 GB/T 7714 | Sánchez-Romero M,d'Albis H,Fürnkranz-Prskawetz A. Education, lifetime labor supply, and longevity improvements.. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| Education%2C%20lifet（785KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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