Education and its effects on income and mortality of men aged sixty-five and over in Great Britain

Richard Dorsett, Silvia Sze Wai Lui and Martin Weale ()

Labour Economics, 2014, vol. 27, issue C, 71-82

Abstract: 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.

Keywords: Returns to education; Income, education and life expectancy; Mortality (search for similar items in EconPapers)
JEL-codes: C33 C35 J17 J24 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:27:y:2014:i:c:p:71-82

DOI: 10.1016/j.labeco.2014.02.002

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