productivity depends on their age through the build-up of labour market experience and the depreciation of human capital. We make … wisdom following an increase in longevity, depending on the corresponding change in the age-productivity profile. …

Separate identification of the price and quantity of human capital has important implications for understanding key … issues in economics. Price and quantity series are derived for four education levels. The price series are highly correlated … be driven more by relative quantity than relative price changes, life-cycle wage profiles are readily interpretable as …