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Health, Wealth and Happiness: Why pursue a Higher Education?

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Author Info
Joop Hartog ()
Hessel Oosterbeek () (University of Amsterdam)

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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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Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 97-034/3.

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Date of creation: 15 Mar 1997
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Handle: RePEc:dgr:uvatin:19970034

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Web page: http://www.tinbergen.nl/

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Perri, Timothy J., 1984. "Health status and schooling decisions of young men," Economics of Education Review, Elsevier, vol. 3(3), pages 207-213, June. [Downloadable!] (restricted)
  2. Haveman, Robert & Wolfe, Barbara & Kreider, Brent & Stone, Mark, 2003. "Market Work, Wages, and Men's Health," Staff General Research Papers 10233, Iowa State University, Department of Economics.
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  3. Clark, Andrew E. & Oswald, Andrew J., 1996. "Satisfaction and comparison income," Journal of Public Economics, Elsevier, vol. 61(3), pages 359-381, September. [Downloadable!] (restricted)
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  4. 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. [Downloadable!] (restricted)
  5. Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-55, March-Apr. [Downloadable!] (restricted)
  6. Deaton, Angus & Paxson, Christina, 1994. "Intertemporal Choice and Inequality," Journal of Political Economy, University of Chicago Press, vol. 102(3), pages 437-67, June. [Downloadable!] (restricted)
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  7. Victor R. Fuchs, 1982. "Time Preference and Health: An Exploratory Study," NBER Working Papers 0539, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Hartog, Joop, 1989. "Survey Non-response in Relation to Ability and Family Background: Structure and Effects on Estimated Earnings Functions," Applied Economics, Taylor and Francis Journals, vol. 21(3), pages 387-95, March.
  9. 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. [Downloadable!] (restricted)
  10. Hartog, Joop & Oosterbeek, Hessel, 1993. "Public and private sector wages in the Netherlands," European Economic Review, Elsevier, vol. 37(1), pages 97-114, January. [Downloadable!] (restricted)
  11. William G. Gale & John Karl Scholz, 1991. "Intergenerational Transfers and the Accumulation of Wealth," UCLA Economics Working Papers 624, UCLA Department of Economics. [Downloadable!]
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  12. Oosterbeek, Hessel, 1990. "Education and earnings in the Netherlands: an empirical analysis," European Economic Review, Elsevier, vol. 34(7), pages 1353-1375, November. [Downloadable!] (restricted)
  13. 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. [Downloadable!] (restricted)
  14. van Praag, Bernard M. S., 1991. "Ordinal and cardinal utility : An integration of the two dimensions of the welfare concept," Journal of Econometrics, Elsevier, vol. 50(1-2), pages 69-89, October. [Downloadable!] (restricted)
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  15. David Card, 1994. "Earnings, Schooling, and Ability Revisited," NBER Working Papers 4832, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  16. Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-59, May. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Heshmati, Almas, 2004. "Inequalities and Their Measurement," IZA Discussion Papers 1219, Institute for the Study of Labor (IZA). [Downloadable!]
  2. Cecilia Albert & María A. Davia, 2004. "Salud, salarios y educación," Hacienda Pública Española, IEF, vol. 169(2), pages 11-34, June. [Downloadable!]
  3. M. Christopher Auld & Nirmal Sidhu, 2004. "Schooling, cognitive ability, and health," HEW 0406001, EconWPA. [Downloadable!]
    Other versions:
  4. Eirini Flouri, 2004. "Subjective Well-Being in Midlife: The Role of Involvement of and Closeness to Parents in Childhood," Journal of Happiness Studies, Springer, vol. 5(4), pages 335-358, December. [Downloadable!] (restricted)
  5. Castriota Stefano, 2006. "Education and Happiness: a Further Explanation to theEasterlin Paradox?," Departmental Working Papers 246, Tor Vergata University, CEIS. [Downloadable!]
  6. Robert Cummins, 2000. "Personal Income and Subjective Well-being: A Review," Journal of Happiness Studies, Springer, vol. 1(2), pages 133-158, June. [Downloadable!] (restricted)
  7. Robert Kaestner, 2009. "Adolescent Cognitive and Non-cognitive Correlates of Adult Health," NBER Working Papers 14924, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Meng-Wen Tsou & Jin-Tan Liu, 2001. "Happiness and Domain Satisfaction in Taiwan," Journal of Happiness Studies, Springer, vol. 2(3), pages 269-288, September. [Downloadable!] (restricted)
  9. Battu, Harminder & Belfield, Clive R. & Sloane, Peter J., 2001. "Human Capital Spill-Overs Within the Workplace," IZA Discussion Papers 404, Institute for the Study of Labor (IZA). [Downloadable!]
  10. Fernando Borraz & Susan Pozo & Máximo Rossi, 2008. "And What About the Family Back Home? International Migration and Happiness," Documentos de Trabajo (working papers) 0308, Department of Economics - dECON. [Downloadable!]
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