A Happiness Test of Human Capital Theory

Alan Piper

MPRA Paper from University Library of Munich, Germany

Abstract: This paper tests whether there are wider considerations for undertaking than just income enhancements and improved working conditions. Hence, the investigation here is to ascertain whether there is a happiness premium to education over and above any human capital benefits? A novel feature of the paper is the extended methodological discussion which results from the finding of omitted dynamics. This complicates the analysis, and means that standard FE methods are not wholly appropriate. The discussion details the options available, and offers advice for happiness research where there are omitted dynamics. The empirical results are broadly supportive of human capital theory, and suggest a substantial ‘structural break’ regarding gender.

Keywords: Education; Human Capital Theory; Life Satisfaction (search for similar items in EconPapers)
JEL-codes: I21 I31 J24 (search for similar items in EconPapers)
Date: 2012-12
New Economics Papers: this item is included in nep-hap, nep-hrm and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://mpra.ub.uni-muenchen.de/43496/1/MPRA_paper_43496.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/44376/8/MPRA_paper_44376.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:43496

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