| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w24247
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| 来源ID | Working Paper 24247
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| Longevity, Education, and Income: How Large is the Triangle? |
| Hoyt Bleakley
|
| 发表日期 | 2018-01-29
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| 出版年 | 2018
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| 语种 | 英语
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| 摘要 | 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. |
| 主题 | Labor Economics
; Labor Supply and Demand
; History
; Labor and Health History
; Development and Growth
; Development
|
| URL | https://www.nber.org/papers/w24247
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581921
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推荐引用方式
GB/T 7714 |
Hoyt Bleakley. Longevity, Education, and Income: How Large is the Triangle?. 2018.
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文件名：
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w24247.pdf
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格式：
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Adobe PDF
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