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Can higher life expectancy induce more schooling and earlier retirement?
Abstract In this paper, we show that it may be optimal for individuals to educate more and retire earlier when life expectancy increases. This result reconciles the findings of Hazan (Econometrica 77:1829–1863, 2009) with theory. Further, the paper contributes to a better understanding of the conflicting empirical findings on the causal effect on income per capita from increased life expectancy.
Can higher life expectancy induce more schooling and earlier retirement?
Abstract In this paper, we show that it may be optimal for individuals to educate more and retire earlier when life expectancy increases. This result reconciles the findings of Hazan (Econometrica 77:1829–1863, 2009) with theory. Further, the paper contributes to a better understanding of the conflicting empirical findings on the causal effect on income per capita from increased life expectancy.
Can higher life expectancy induce more schooling and earlier retirement?
Hansen, Casper Worm (author) / Lønstrup, Lars (author)
2011
Article (Journal)
English
Can higher life expectancy induce more schooling and earlier retirement?
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