This article studies the impact of longevity and taxation on life-cycle decisions and long run income. Individuals allocate optimally their total lifetime between education, working and retirement. They also decide at each moment how much to save or consume out of their income, and after...

This paper studies the long-run impact of HIV/AIDS on per capita income and education. We introduce a channel from HIV/AIDS to long-run income that has been overlooked by the literature, the reduction of the incentives to study due to shorter expected longevity. We work with a continuous time...

The introduction of broadband in schools provides a new resource for learning but also an opportunity for distraction. Consequently, broadband use in schools can either increase or reduce students' performance. This paper provides a model that shows how these two effects trade off. We use a rich...