Lucinda is currently thirty years old and she plans to retire at age sixty (30 more years to work). She is expected to live to age eighty-five (25 years of retirement). Her labor income is $45,000 per year and she intends to maintain a constant level of real consumption spending over the next fifty-five years. Assuming a real interest rate of 4% per year, no taxes, and no growth in real labor income, what is the value of Lucinda's human capital?
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