Ferreira, Pedro Cavalcanti; Pessoa, Samuel D. - 2005
This article studies the impact of longevity and taxation on life-cycle decisions and long run income. Individuals … literature. In this setup increases in longevity raises the investment in education - time in school - and retirement. The model … evidence shows. Simulations show that a country equal to the U.S. but with 20% smaller longevity will be 25% poorer. In this …