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Masato Masuyama and Ryoji Ohdoi
''The relationship between mandatory retirement and patterns of human capital accumulation''
( 2022, Vol. 42 No.2 )
This study examines the relationship between mandatory retirement, patterns of human capital accumulation, and economic growth. A key feature of the model is that the agents of the working generation not only educate their children, but also have the opportunity to educate themselves for their labor supply in old age. We show that they educate themselves if a mandatory retirement age is sufficiently high. However, the extension of the retirement age in this case is neutral for the growth rate.
Keywords: Mandatory retirement, Human capital, Uzawa–Lucas endogenous growth
JEL: O4 - Economic Growth and Aggregate Productivity: General
J2 - Demand and Supply of Labor: General
Manuscript Received : Aug 22 2021 Manuscript Accepted : Jun 30 2022

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