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Life Expentancy at Birth and Lifetime Education and Earnings

Author

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  • Mohammad Mainul Hoque
  • Elizabeth King
  • Claudio E. Montenegro
  • Peter F. Orazem

Abstract

Exploiting cross-birth-cohort and cross-country variation from a pool of 188 household surveys from 111 countries, we measure how life expectancy at birth affects lifetime education and earnings. On average, individuals add one year of schooling for every 8.3 years of increased life expectancy at birth. Lifetime-earnings increases by 1.7% per year of added life expectancy at birth. Estimates imply that rising life expectancy at birth can explain 75% of the increase in average years of schooling world-wide for birth cohorts between 1922-1987 and 38% of the increase in average GDP per capita in the 20 th century.

Suggested Citation

  • Mohammad Mainul Hoque & Elizabeth King & Claudio E. Montenegro & Peter F. Orazem, 2020. "Life Expentancy at Birth and Lifetime Education and Earnings," Working Papers wp499, University of Chile, Department of Economics.
    • Handle: RePEc:udc:wpaper:wp499
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