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 GBP 115,000 for men with higher education qualifications as compared to those with minimal qualifications.
Dorsett, R., Lui, S. and Weale, M. (2014) Education and its effects on income and mortality of men aged sixty-five and over in Great Britain. Labour Economics 27: 71-82
Economic and Social Research Council