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This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...
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, education has, so far, received less attention - a surprising oversight, given the field's key interest in long-run decision … behavioral economics of education. We first develop a general framework for thinking about why youth and their parents might not … always take full advantage of education opportunities. We then discuss how these behavioral barriers may be preventing some …
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