The marginal income effect of education on happiness : estimating the direct and indirect effects of compulsory schooling on well-being in Australia
Nattavudh Powdthavee; Warn N. Lekfuangfu; Mark Wooden
Many economists and educators favour public support for education on the premise that education improves the overall well-being of citizens. However, little is known about the causal pathways through which education shapes people's subjective well-being (SWB). This paper explores the direct and indirect well-being effects of extra schooling induced through compulsory schooling laws in Australia. We find the net effect of schooling on later SWB to be positive, though this effect is larger and statistically more robust for men than for women. We then show that the compulsory schooling effect on male's SWB is indirect and is mediated through income. -- schooling ; indirect effect ; well-being ; mental health ; windfall income ; HILDA survey
Year of publication: |
2013
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Authors: | Powdthavee, Nattavudh ; Lekfuangfu, Warn N. ; Wooden, Mark |
Publisher: |
Bonn : IZA |
Subject: | HILDA survey | Allgemeinbildung | General education | Sozialer Indikator | Social indicator | Psychische Krankheit | Mental disorder | Australien | Australia |
Saved in:
freely available
Extent: | Online-Ressource graph. Darst. |
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Series: | Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. 7365 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
Language: | English |
Notes: | Systemvoraussetzung: Acrobat Reader |
Other identifiers: | hdl:10419/80669 [Handle] |
Classification: | I20 - Education. General ; I32 - Measurement and Analysis of Poverty ; c36 |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10009739524