Showing 1 - 10 of 10
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10010324730
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10010324788
acounteracting effect: an increase in the stock of human capitalreduces the return to human capital and, therefore, pre-tax income …
Persistent link: https://www.econbiz.de/10010325056
While there is no doubt that health is strongly correlated with education, whether schooling exerts a causal impact on health is not yet firmly established. We exploit Dutch compulsory schooling laws in a Regression Discontinuity Design applied to linked data from health surveys, tax files and...
Persistent link: https://www.econbiz.de/10010325875
We examine the relationship between income and health with the purpose of establishing the extent to which the … distribution of health in a population contributes to income inequality and is itself a product of that inequality. The evidence … supports a significant and substantial impact of ill-health on income mainly operating through employment, although it is …
Persistent link: https://www.econbiz.de/10010326364
Ill-health can be expected to reduce employment and income. But are the effects sustained over time? Do they differ … across the income distribution? And are there spillover effects on the employment and income of the spouse? We use matching …, on employment and income up to six years after the health shock using linked Dutch hospital and tax register data. On …
Persistent link: https://www.econbiz.de/10010326384
income-related and income-caused health inequality. Participants allocate resources to determine health of individuals …. Identification comes from random variation in resource productivity and in information on income and its causal effect. We gather … maximisation objective of economic evaluation. Aversion to health inequality is even stronger when it is related to income. However …
Persistent link: https://www.econbiz.de/10014321792
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10010325186
Reliance on self-rated health to proxy medical need can bias estimation of education-related inequity in health care utilisation. We correct this bias both by instrumenting self-rated health with objective health indicators and by purging self-rated health of reporting heterogeneity identified...
Persistent link: https://www.econbiz.de/10010325940
On average, child health outcomes are better in urban than in rural areas of developing countries. Understanding the nature and the causes of this rural-urban disparity is essential in contemplating the health consequences of the rapid urbanization taking place throughout the developing world...
Persistent link: https://www.econbiz.de/10010325257