Literaturnachweis - Detailanzeige
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 |
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 |