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dc.contributor.authorSheshinski, Eytanen
dc.date.accessioned2009-10-08-
dc.date.accessioned2010-05-14T08:19:33Z-
dc.date.available2010-05-14T08:19:33Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2784en
dc.subject.jelD11en
dc.subject.jelD91en
dc.subject.jelE21en
dc.subject.jelG23en
dc.subject.ddc330en
dc.subject.keywordlongevityen
dc.subject.keywordsurvival functionsen
dc.subject.keywordeducationen
dc.subject.keywordworken
dc.subject.keywordage of retirementen
dc.subject.keywordannuitiesen
dc.subject.stwBildungsinvestitionen
dc.subject.stwBildungsverhaltenen
dc.subject.stwLebenszyklusen
dc.subject.stwSterblichkeiten
dc.subject.stwArbeitsangeboten
dc.subject.stwAltersgrenzeen
dc.subject.stwPrivate Rentenversicherungen
dc.subject.stwTheorieen
dc.titleUncertain longevity and investment in education-
dc.typeWorking Paperen
dc.identifier.ppn610185055en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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