Years of education

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Chapter 3 in Cost-Benefit Analysis and Dementia, 2022, pp 33-49 from Edward Elgar Publishing

Abstract: We start with the case of education. The more years a young person has of schooling today, the greater will be the reduction of dementia symptoms when the person becomes older. We explain why the inverse relationship between education and dementia symptoms would exist. Distinguishing between explanations is the basis of our strategy justifying giving a causal explanation for the inverse relation between education and dementia. Our estimations support the brain reserve hypothesis. In order to carry out any CBA, we need to present the general framework to estimate benefits, which involves decomposing the benefits estimate into three steps. We report that the benefits of years of education are large, though it is subject to diminishing returns. Using our benefit estimates we show that high school dropout prevention programs would be worthwhile. The relevance of our findings for Low-and-Middle Income Countries (LMICs) countries is discussed here and in all chapters.

Keywords: Development Studies; Economics and Finance; Environment; Sociology and Social Policy (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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