This paper presents a model of human capital accumulation that allows for feedback effects between the consequences and the likelihood of suffering from particular diseases and the decisions to invest in knowledge, both in the form of schooling and on-the-job training. I use a calibrated version...

We develop and estimate a Ben-Porath model with labor supply in which workers make consumption, human capital investment, retirement, and labor supply decisions. While most work to date on the Ben-Porath model aims to explain the wage growth early in the lifecycle, there has been surprisingly...