Health, wealth and happiness: why pursue a higher education?

Joop Hartog, Hessel Oosterbeek*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

123 Citations (Scopus)

Abstract

We explore the effect of schooling on health, wealth and happiness for a cohort of Dutch individuals born around 1940. We also use observations on childhood IQ and family background. The most fortunate group is the group with a non-vocational intermediate level education: they score highest on health, wealth and happiness. We find that IQ affects health, but not wealth or happiness. Family background level increases wealth, but neither health nor happiness. With a father who worked independently, health, wealth and happiness are higher. Women are a miracle: compared with men, they are less wealthy, equally healthy but they are definitely happier. [JEL I10, J24, D31, D63]
Original languageEnglish
Pages (from-to)245-256
Number of pages12
JournalEconomics of Education Review
Volume17
Issue number3
DOIs
Publication statusPublished - Jun 1998
Externally publishedYes

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