Publication
Life cycles with endogenous time allocation and age-dependent mortality
| dc.contributor.author | Guerra, Manuel | |
| dc.contributor.author | Pereira, João | |
| dc.contributor.author | St. Aubyn, Miguel | |
| dc.date.accessioned | 2018-11-14T10:35:11Z | |
| dc.date.available | 2018-11-14T10:35:11Z | |
| dc.date.issued | 2018-11 | |
| dc.description.abstract | The negative effect of population aging on the economy can be mitigated by a behavioral effect of people as a reaction to a higher life expectancy. We analyze the optimal life-cycle of individuals that allocate time at the intensive margin between leisure, human capital accumulation, and labor supply while facing an age-dependent mortality. This allows to enhance effects of changes in life expectancy on labor supply and human capital accumulation and to uncover trade-offs between time allocations at different stages of the life-cycle. Our life-cycles are characterized by on the job training throughout all the working life with a possibility of a temporary exit from the labor market. We simulate the model numerically and find that with a higher life expectancy, labor supply increases at the intensive margin and the individual invests more in human capital. We also find a willingness to increase labor supply at the extensive margin. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Guerra, Manuel, João Pereira e Miguel St. Aubyn (2018). "Life cycles with endogenous time allocation and age-dependent mortality". Instituto Superior de Economia e Gestão – REM Working paper nº 056 - 2018 | pt_PT |
| dc.identifier.issn | 2184-108X | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/16339 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.publisher | ISEG - REM - Research in Economics and Mathematics | pt_PT |
| dc.relation.ispartofseries | REM Working paper;nº 056 - 2018 | |
| dc.relation.publisherversion | https://rem.rc.iseg.ulisboa.pt/wps/pdf/REM_WP_056_2018.pdf | pt_PT |
| dc.subject | Life-Cycle | pt_PT |
| dc.subject | Age-Dependent Mortality | pt_PT |
| dc.subject | Aging | pt_PT |
| dc.subject | Time Allocation | pt_PT |
| dc.title | Life cycles with endogenous time allocation and age-dependent mortality | pt_PT |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | workingPaper | pt_PT |