Strulik, Holger; Werner, Katharina - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2012
longevity and active life expectancy (i.e. the expected length of period 1 and 2). We show that individuals optimally respond to … a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. We … explained as an optimal response to increasing active life expectancy. We integrate the theory into a unified growth model and …