In this paper we show that it may be optimal for individuals to educate more and decrease future labor supply (choose earlier retirement) when life expectancy increases. This result reconciles the findings of Hazan [Hazan, M., 2009. Longevity and Lifetime Labor Supply: Evidence and Implications....

Utilizing pre-intervention variation in the mortality from various infectious diseases, along with the time variation occurring from medical breakthroughs in the late 1940s and the 1950s, this paper tests how a large positive shock to life expectancy influenced inequalities in human capital...

This paper studies the sources of agglomeration economies in cities. We begin by introducing a simple dynamic spatial equilibrium model that incorporates spillovers within and across industries, as well as city-size effects. The model generates a dynamic panel-data estimation equation. We...