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dc.contributor.authorSheshinski, Eytanen_US
dc.date.accessioned2009-10-08en_US
dc.date.accessioned2010-05-14T08:19:33Z-
dc.date.available2010-05-14T08:19:33Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30434-
dc.description.abstractIt has been argued that increased life expectancy raises the rate of return on education, causing a rise in the investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak. Building on a lifecycle model with uncertain longevity, this paper shows that increased life expectancy does not suffice to warrant the above hypotheses. We provide assumptions about the change in survival probabilities, specifically about the age dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement. Comparison is made between the case when individuals have access to a competitive annuity market and the case of no insurance.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2784en_US
dc.subject.jelD11en_US
dc.subject.jelD91en_US
dc.subject.jelE21en_US
dc.subject.jelG23en_US
dc.subject.ddc330en_US
dc.subject.keywordlongevityen_US
dc.subject.keywordsurvival functionsen_US
dc.subject.keywordeducationen_US
dc.subject.keywordworken_US
dc.subject.keywordage of retirementen_US
dc.subject.keywordannuitiesen_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwBildungsverhaltenen_US
dc.subject.stwLebenszyklusen_US
dc.subject.stwSterblichkeiten_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwAltersgrenzeen_US
dc.subject.stwPrivate Rentenversicherungen_US
dc.subject.stwTheorieen_US
dc.titleUncertain longevity and investment in educationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn610185055en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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