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来源类型Working Paper
规范类型报告
DOI10.3386/w17931
来源IDWorking Paper 17931
Limited Life Expectancy, Human Capital and Health Investments: Evidence from Huntington Disease
Emily Oster; Ira Shoulson; E. Ray Dorsey
发表日期2012-03-23
出版年2012
语种英语
摘要One of the most basic predictions of human capital theory is that life expectancy should impact human capital investment. Limited exogenous variation in life expectancy makes this difficult to test, especially in the contexts most relevant to the macroeconomic applications. We estimate the relationship between life expectancy and human capital investments using genetic variation in life expectancy driven by Huntington disease (HD), an inherited degenerative neurological disorder with large impacts on mortality. We compare investment levels for individuals who have ex ante identical risks of HD but learn (through early symptom development or genetic testing) that they do or do not carry the genetic mutation which causes the disease. We find strong qualitative support: individuals with more limited life expectancy complete less education and less job training. We estimate the elasticity of demand for college completion with respect to years of life expectancy of 0.40. This figure implies that differences in life expectancy explain about 10% of cross-country differences in college enrollment. Finally, we use smoking and cancer screening data to test the corollary that health capital is responsive to life expectancy.
主题Health, Education, and Welfare ; Health ; Education ; Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w17931
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/575608
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Emily Oster,Ira Shoulson,E. Ray Dorsey. Limited Life Expectancy, Human Capital and Health Investments: Evidence from Huntington Disease. 2012.
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