Can higher life expectancy induce more schooling and earlier retirement?

被引:40
作者
Hansen, Casper Worm [1 ]
Lonstrup, Lars [1 ]
机构
[1] Univ So Denmark, DK-5230 Odense, Denmark
关键词
Life expectancy; Schooling; Retirement; CAPITAL ACCUMULATION; ECONOMIC-GROWTH; DEMOGRAPHIC-TRANSITION; ENDOGENOUS GROWTH; EDUCATION; INVESTMENT; LONGEVITY; INEQUALITY; FERTILITY; MORTALITY;
D O I
10.1007/s00148-011-0397-1
中图分类号
C921 [人口统计学];
学科分类号
摘要
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.
引用
收藏
页码:1249 / 1264
页数:16
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