dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …. -- longevity ; survival functions ; education ; work ; age of retirement ; annuities …

This paper presents an analysis of the differential role of mortality for the optimal schooling and retirement age when … important contributions. First, we provide the conditions under which a decrease in mortality leads to a longer education period … and an earlier retirement age. Second, those conditions are decomposed into a Ben-Porath mechanism and a lifetime …

activities in retirement and its sensitivity with respect to alternative settings of the preference parameters. …

allocate optimally their total lifetime between education, working and retirement. They also decide at each moment how much to … literature. In this setup increases in longevity raises the investment in education - time in school - and retirement. The model … is calibrated to the U.S. and is able to reproduce observed schooling levels and the increase in retirement, as the …