Education and Health Over the Life Cycle

Posted: 4 Nov 2020

See all articles by Jason Ward

Jason Ward

RAND Corporation

Cuiping Schiman

Pennsylvania State University Harrisburg

Robert Kaestner

University of Chicago; National Bureau of Economic Research (NBER)

Multiple version iconThere are 2 versions of this paper

Date Written: June 2020

Abstract

There is little theoretical and empirical research on the effects of education on health over the life cycle. In this article, we extend the Grossman (1972) model of the demand for health and use the extended model to analyze the effect of education on health at different ages. The main conclusion from our model is that it is unlikely that the relationship between education and health will be constant over the life cycle and that education is likely to have little effect on health at younger ages when there is little depreciation of the health stock. We also present an extensive empirical analysis documenting the association between education and health over the life cycle. Results of our analysis suggest that in terms of mortality, education has little effect until age 60, but then lowers the hazard rate of death. For measures of morbidity, education has an effect at most ages between 45 and 60, but after age 60 has apparently little effect most likely due to selective mortality. In addition, most of the apparent beneficial effect of education stems from obtaining a high school degree or more. It is the health and mortality of lowest education group — those with less than a high school degree — that diverges from the health and mortality of other education groups. Finally, we find that the educational differences in health have become larger for more recent birth cohorts.

Keywords: Health Production, Aging, Mortality

JEL Classification: I12, I14, I26

Suggested Citation

Ward, Jason and Schiman, Cuiping and Kaestner, Robert, Education and Health Over the Life Cycle (June 2020). Economics of Education Review, Vol. 76, 2020, Available at SSRN: https://ssrn.com/abstract=3692762

Jason Ward

RAND Corporation ( email )

1776 Main Street
P.O. Box 2138
Santa Monica, CA 90407-2138
United States
3103930411 (Phone)

HOME PAGE: http://www.jasonward.org

Cuiping Schiman

Pennsylvania State University Harrisburg ( email )

Robert Kaestner (Contact Author)

University of Chicago ( email )

1155 East 60th Street
Chicago, IL 60637
United States

National Bureau of Economic Research (NBER)

5 Hanover Square 16th floor
New York, NY 10004
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
61
PlumX Metrics