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- Publisher Website: 10.1016/j.jmateco.2017.07.007
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Article: Impact of mortality reductions on years of schooling and expected lifetime labor supply
Title | Impact of mortality reductions on years of schooling and expected lifetime labor supply |
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Authors | |
Keywords | Mortality reductions Years of schooling Lifetime labor supply Longer-horizon mechanism |
Issue Date | 2017 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jmateco |
Citation | Journal of Mathematical Economics, 2017, v. 72, p. 134-144 How to Cite? |
Abstract | Hazan (2009) performs empirical analysis based on the conjecture that a necessary condition for mortality decline to cause longer years of schooling is that it also increases expected lifetime labor supply, and reaches controversial conclusions. We aim to examine the theoretical validity of Hazan’s (2009) conjecture, and more generally, to understand the relation between these two conditions in a standard life-cycle model. We find that the relation between the effects on optimal years of schooling and expected lifetime labor supply differs systematically with respect to mortality reductions at different stages of the life cycle. Based on these systematic differences, we find that longer lifetime labor supply is not sufficient for increased years of schooling for all mortality reductions occurring during the schooling phase, and not necessary for increased years of schooling for some mortality reductions during the working phase. |
Persistent Identifier | http://hdl.handle.net/10722/258895 |
ISSN | 2023 Impact Factor: 1.0 2023 SCImago Journal Rankings: 0.707 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Cai, Z | - |
dc.contributor.author | Lau, SH | - |
dc.date.accessioned | 2018-09-03T03:57:40Z | - |
dc.date.available | 2018-09-03T03:57:40Z | - |
dc.date.issued | 2017 | - |
dc.identifier.citation | Journal of Mathematical Economics, 2017, v. 72, p. 134-144 | - |
dc.identifier.issn | 0304-4068 | - |
dc.identifier.uri | http://hdl.handle.net/10722/258895 | - |
dc.description.abstract | Hazan (2009) performs empirical analysis based on the conjecture that a necessary condition for mortality decline to cause longer years of schooling is that it also increases expected lifetime labor supply, and reaches controversial conclusions. We aim to examine the theoretical validity of Hazan’s (2009) conjecture, and more generally, to understand the relation between these two conditions in a standard life-cycle model. We find that the relation between the effects on optimal years of schooling and expected lifetime labor supply differs systematically with respect to mortality reductions at different stages of the life cycle. Based on these systematic differences, we find that longer lifetime labor supply is not sufficient for increased years of schooling for all mortality reductions occurring during the schooling phase, and not necessary for increased years of schooling for some mortality reductions during the working phase. | - |
dc.language | eng | - |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jmateco | - |
dc.relation.ispartof | Journal of Mathematical Economics | - |
dc.subject | Mortality reductions | - |
dc.subject | Years of schooling | - |
dc.subject | Lifetime labor supply | - |
dc.subject | Longer-horizon mechanism | - |
dc.title | Impact of mortality reductions on years of schooling and expected lifetime labor supply | - |
dc.type | Article | - |
dc.identifier.email | Lau, SH: laushp@hku.hk | - |
dc.identifier.authority | Lau, SH=rp01073 | - |
dc.identifier.doi | 10.1016/j.jmateco.2017.07.007 | - |
dc.identifier.scopus | eid_2-s2.0-85029180756 | - |
dc.identifier.hkuros | 289327 | - |
dc.identifier.volume | 72 | - |
dc.identifier.spage | 134 | - |
dc.identifier.epage | 144 | - |
dc.identifier.isi | WOS:000411917400014 | - |
dc.publisher.place | Netherlands | - |
dc.identifier.issnl | 0304-4068 | - |