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Health, wealth and happiness: why pursue a higher education?

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  • Hartog, Joop
  • Oosterbeek, Hessel

Abstract

We explore the effect of schooling on health, wealth and happiness for a cohort of Dutch individuals born around 1940. We also use observations on childhood IQ and family background. The most fortunate group is the group with a non-vocational intermediate level education: they score highest on health, wealth and happiness. We find that IQ affects health, but not wealth or happiness. Family background level increases wealth, but neither health nor happiness. With a father who worked independently, health, wealth and happiness are higher.Women are a miracle: compared to men, they are less wealthy, equally healthy but they are definitely happier.

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Bibliographic Info

Article provided by Elsevier in its journal Economics of Education Review.

Volume (Year): 17 (1998)
Issue (Month): 3 (June)
Pages: 245-256

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Handle: RePEc:eee:ecoedu:v:17:y:1998:i:3:p:245-256

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Web page: http://www.elsevier.com/locate/econedurev

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  5. Hartog, Joop & Oosterbeek, Hessel, 1993. "Public and private sector wages in the Netherlands," European Economic Review, Elsevier, vol. 37(1), pages 97-114, January.
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  8. Groot, Wim & Oosterbeek, Hessel, 1994. "Earnings Effects of Different Components of Schooling: Human Capital versus Screening," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 317-21, May.
  9. Clark, Andrew E. & Oswald, Andrew J., 1994. "Satisfaction and comparison income," CEPREMAP Working Papers (Couverture Orange) 9408, CEPREMAP.
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  13. Haveman, Robert & Wolfe, Barbara & Kreider, Brent & Stone, Mark, 1994. "Market work, wages, and men's health," Journal of Health Economics, Elsevier, vol. 13(2), pages 163-182, July.
  14. Mark C. Berger & J. Paul Leigh, 1989. "Schooling, Self-Selection, and Health," Journal of Human Resources, University of Wisconsin Press, vol. 24(3), pages 433-455.
  15. Jere R. Behrman & Barbara L. Wolfe, 1989. "Does More Schooling Make Women Better Nourished and Healthier? Adult Sibling Random and Fixed Effects Estimates for Nicaragua," Journal of Human Resources, University of Wisconsin Press, vol. 24(4), pages 644-663.
  16. Kemna, Harrie J. M. I., 1987. "Working conditions and the relationship between schooling and health," Journal of Health Economics, Elsevier, vol. 6(3), pages 189-210, September.
  17. Hartog, Joop & Pfann, Gerard & Ridder, Geert, 1989. "(Non-)graduation and the earnings function : An inquiry on self-selection," European Economic Review, Elsevier, vol. 33(7), pages 1373-1395, September.
  18. Perri, Timothy J., 1984. "Health status and schooling decisions of young men," Economics of Education Review, Elsevier, vol. 3(3), pages 207-213, June.
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