While the effect of social security systems on retirement decisions has received much attention, the impact of these … systems on individuals incentives to invest in their human capital has not been analyzed. We integrate human capital … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different …

, such as in labor markets. To understand the nature of inputs and incentives related to education in developing countries … incentives. What are critical inputs into different educational processes? How important are various incentives for improving … have direct impact on input decisions versus policies that alter longer-run incentives to invest in current education …

timing of retirement. Using detailed longitudinal population register data 1982–2010, we track first-time enrollees in higher … large effects. Tentative calculations indicate that if enrollment occurs at age 42, the retirement delay represents about …