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A. Fürnkranz-Prskawetz:
"Education, lifetime labor supply, and mortality improvements";
Talk: Economics Seminar an der Universität Bielefeld, Bielefeld, Deutschland (invited); 2014-07-15.

This paper presents an analysis of the differential role of mortality
for the optimal schooling and retirement age when the accumulation of
human capital follows the so-called \Ben-Porath mechanism". We set
up a life-cycle model of consumption and labor supply at the extensive
margin that allows for endogenous human capital formation based on
Card (2001). This paper makes two important contributions. First,
we show that a decrease in mortality may induce a longer education
period and an earlier retirement age. Second, using Swedish data for cohorts born between 1865 and 2000, we show that our model can match
the empirical evidence and permit to decompose the effects into the
Ben-Porath mechanism and the lifetime-human wealth effect vs. the
years-to-consume effect.