Longevity, education, and income. How large is the triangle?

Autor/in	Bleakley, Hoyt
Institution	National Bureau of Economic Research
Titel	Longevity, education, and income. How large is the triangle? Gefälligkeitsübersetzung: Langlebigkeit, Bildung und Einkommen. Wie groß ist das Dreieck?
Quelle	Cambrige, Mass. (2018), 63 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper. 24247
Sprache	englisch
Dokumenttyp	online; Monographie
DOI	10.3386/w24247
Schlagwörter	Bildung; Lebenserwartung; Bildungsertrag; Entwicklungsland; Sterblichkeit; Einkommenseffekt; Investition; Lebenseinkommen; Internationaler Vergleich; Auswirkung; Welt; China; Indien; Japan; USA; Ägypten
Abstract	"While health affects economic development and wellbeing through a variety of pathways, one commonly suggested mechanism is a 'horizon' channel in which increased longevity induces additional education. A recent literature devotes much attention to how much education responds to increasing longevity, while this study asks instead what impact this specific channel has on wellbeing (welfare). I note that death is like a tax on human-capital investments, which suggests the use of a standard public-economics tool: triangles. I construct estimates of the triangle gain if education adjusts to lower adult mortality. Even for implausibly large responses of education to survival differences, almost all of today's low-human-development countries, if switched instantaneously to Japan's survival curve, would place a value on this channel of less than 15% of income. Calibrating the model with well-identified micro- and cohort-level studies, I find that the horizon triangle for the typical low-income country is instead less than a percent of lifetime income. Gains from increased survival in the 20th-century are similarly sized." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2018/3