Project Description

Education and its effects on income and mortality of older men

We explore the effects of income and, additionally, education on the income, self-reported health and survival of men aged sixty-five and over in Great Britain . By so doing, we identify benefits of education which are omitted in the conventional analysis with its focus on labour income excluding employers’ pension contributions. We find that income at age sixty-five is significantly influenced by educational attainment and has a significant effect on survival. Even after controlling for circumstances at age sixty-five or when first observed, we identify benefits discounted to age sixty-five of £115,000 for men with higher education qualifications as compared to those with minimal qualifications.

Outputs

Dorsett, R., Lui, S and Weale (2014) Education and its effects on income and mortality of men aged sixty-five and over in Great Britain.  Labour Economics 27: 71-82.  PDF – gated [Project page]

Funder

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