Education, lifetime labor supply, and longevity improvements
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If education and health investments raise the productivity of workers and allow them to work to older ages, an increase in the retirement age is likely to be more effective than it would be without better health and education.
“if education and health investments raise the productivity of workers and allow them to work to older ages, an increase in the retirement age is likely to be more effective than it would be without better health and education (Kuhn et al. 2015, Sánchez-Romero et al. 2016).”
From Fertility in High-Income Countries: Trends, Patterns, Determinants, and Consequences (2024) · cites this paper as Sánchez-Romero et al. 2016
The Introduction (page unavailable) says more schooling can raise wages and the marginal benefit of working, while the Conclusion says mortality declines after retirement can lead to later retirement. But the paper does not assess whether education or health investments make an increase in the retirement age more effective; its Conclusion says the model abstracts from mandatory retirement ages. (LLM, conf=0.84)
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Cited by
Sorted by citations
Fertility in High-Income Countries: Trends, Patterns, Determinants, and Consequences
Bloom, D. E., Kuhn, M., & Prettner, K. (2024) · Annual Review of Economics · doi:10.1146/annurev-economics-081523-013750 · Cited by 42 · see citing works
Fertility in High-Income Countries: Trends, Patterns, Determinants, and Consequences
Bloom, D. E., Kuhn, M., & Prettner, K. (2023) · doi:10.2139/ssrn.4597716 · Cited by 9 · see citing works
- Authors
- Sánchez-Romero, M., d׳Albis, H., & Prskawetz, A.
- Affiliations
- International Institute for Applied Systems Analysis (AT)
- Corresponding author
- Sánchez-Romero, Miguel
- Venue
- Journal of Economic Dynamics and Control
- Publisher
- Elsevier BV
- Published
- 2016-12
- Volume
- 73
- Pages
- 118-141
- ISSN
- 0165-1889 (ISSN-L)
- OpenAlex
- W2301175607
- Cited by
- 50
- References
- 0
- Citations by year
- 2026: 2 · 2025: 1 · 2024: 6 · 2023: 7 · 2022: 9 · 2021: 1 · 2020: 5 · 2019: 3 · 2018: 2 · 2017: 12 · 2016: 1 · 2015: 1
- FWCI
- 16.86
- Type
- journal article
- Language
- en
- Open access
- green
- pure.iiasa.ac.at
- Locations
- Journal of Economic Dynamics and Control (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- IIASA PURE (International Institute of Applied Systems Analysis) (submittedVersion)
- HAL (submittedVersion)
- Econstor (Econstor) (submittedVersion)
- Funders
- Max Planck Institute for Demographic Research (Rostock, Germany)
- European Research Council (DU 283953)
- Topics
- Social Sciences › Demography › Retirement, Disability, and Employment
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy, Pension, Retirement Analysis
- Keywords
- mortality decline, retirement age, human capital accumulation, life-cycle model, labor supply, human wealth, longevity, life-cycle consumption
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