Kalemli-Ozcan, Sebnem; Weil, David - EconWPA - 2002
construct a model in which individuals make labor/leisure choices over their lifetimes subject to uncertainty about their date … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk … changes in the US life table over the last century, and show that this “uncertainty e ect” of declining mortality would have …