Long Life-span and Optimal Recurrent Education

Akira Momota

No 1042, KIER Working Papers from Kyoto University, Institute of Economic Research

Abstract: This paper theoretically investigates the effect of increased longevity on the years of schooling and work. We consider a situation in which individuals have opportunities for recurrent education by assuming that the transition from schooling to work is reversible. We find that setting aside a period of time for recurrent education is optimal for individuals when the life-span is longer than a certain threshold number of years. As the life-span increases, the total schooling years and the retirement age increase. However, when the life-span becomes so long that recurrent education takes place, the effect of an increase in the active life by one year on the lifetime income is significantly smaller than in the situation where the life-span is less long.

Keywords: Human capital; Life-cycle model; Longevity; Recurrent education. (search for similar items in EconPapers)
JEL-codes: D15 I29 J24 J26 (search for similar items in EconPapers)
Pages: 44pages
Date: 2020-09
New Economics Papers: this item is included in nep-age and nep-lma
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Persistent link: https://EconPapers.repec.org/RePEc:kyo:wpaper:1042

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