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This study presents a new view on the association between education and longevity. In contrast to the earlier … literature, which focused on inefficient health behavior of the less educated, we investigate the extent to which the education … delayed through health expenditure. Individuals are heterogeneous with respect to their return to education. The proposed …
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In this paper, I suggest a novel explanation for a hump-shaped ageconsumption profile, based on human aging. The model integrates health in the utility function and utilizes recent estimates on the effects of health on the marginal utility of consumption. The parsimonious model has a closed-form...
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of mass education and the demographic transition. The ongoing child quality-quantity trade-off during the transition …. Because growth in modern economies is based on the education of the workforce, the medium-run prospects for future economic …
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This paper integrates into public economics a biologically founded, stochastic process of individual ageing. The novel approach enables us to investigate the interaction between health and retirement policy in order to quantitatively characterize the optimal joint design of the social insurance...
Persistent link: https://www.econbiz.de/10011384604