Education and its Effects on the Income, Health and Survival of those aged Sixty-five and Over
AbstractWe explore the effects of income and, additionally education on the income, self-reported health and survival of people aged sixty-five and over in order to identify benefits resulting from education which are omitted in the conventional analysis with its focus on labour income excluding employer contributions. We find that well educated people enjoy substantially higher incomes and longer healthy lives. However our estimates of the magnitudes of these are sharply reduced if we imposed on our model, estimated from British Household Panel Survey Data, the restrictions that the mortality rates it generates should be consistent with aggregate official data.
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Bibliographic InfoPaper provided by National Institute of Economic and Social Research in its series NIESR Discussion Papers with number 383.
Date of creation: Nov 2011
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This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-04-17 (Economics of Ageing)
- NEP-ALL-2012-04-17 (All new papers)
- NEP-EDU-2012-04-17 (Education)
- NEP-HEA-2012-04-17 (Health Economics)
- NEP-LAB-2012-04-17 (Labour Economics)
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