Mortality Risk and Educational Attainment of Black and White Men

Li Gan () and Guan Gong

No 10381, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper investigates to what extent the differences in education between black and white men can be explained by the differences in their mortality risks. A dynamic optimal stopping-point life cycle model is examined, in which group-level mortality risk plays an important role in determining individual-level mortality risk, health expenditure,and the amount of schooling. The model is calibrated to quantify the effect of mortality risks on schooling by taking the black and white male population as the respective reference groups for black men and white men. We find that the impact of mortality risk on schooling explains more than two-thirds of the empirical education differences between black and white males. This conclusion is robust to a set of plausible parameter values.

JEL-codes: J1 J7 (search for similar items in EconPapers)
Date: 2004-03
New Economics Papers: this item is included in nep-hea
Note: AG
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