IDEAS home Printed from https://ideas.repec.org/a/ecm/emetrp/v81y2013i5p2055-2086.html

Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited

Author

Listed:
  • Matteo Cervellati
  • Uwe Sunde

Abstract

This paper presents a theoretical and empirical analysis of the role oflife expectancy for optimal schooling and lifetime labor supply. Theresults of a simple prototype Ben-Porath model with age-specificsurvival rates show that an increase in lifetime labor supply is not anecessary, or a sufficient, condition for greater life expectancy toincrease optimal schooling. The observed increase in survival ratesduring working ages that follows from the rectangularization of thesurvival function is crucial for schooling and labor supply. Theempirical results suggest that the relative benefits of schooling havebeen increasing across cohorts of U.S. men born between 1840 and 1930. Asimple quantitative analysis shows that a realistic shift in thesurvival function can lead to an increase in schooling and a reductionin lifetime labor hours.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Matteo Cervellati & Uwe Sunde, 2013. "Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited," Econometrica, Econometric Society, vol. 81(5), pages 2055-2086, September.
    • Handle: RePEc:ecm:emetrp:v:81:y:2013:i:5:p:2055-2086
    DOI: ECTA11169
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.3982/ECTA11169
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/ECTA11169?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or

    for a different version of it.

    Other versions of this item:

    More about this item

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecm:emetrp:v:81:y:2013:i:5:p:2055-2086. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/essssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.