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Education and its Effects on Income and Mortality of Men aged Sixty-five and over in Great Britain

Research output: Contribution to journalArticle

Richard Dorsett, Silvia Lui, Martin Robert Weale

Original languageEnglish
Pages (from-to)71-82
JournalLABOUR ECONOMICS
Volume27
Early online date21 Feb 2014
DOIs
Publication statusPublished - Apr 2014

King's Authors

Abstract

We explore the effects of income and, additionally education on the income, self-reported health and survival of men aged sixty-five and over in Great Britain . By so doing, we identify benefits of education which are omitted in the conventional analysis with its focus on labour income excluding employers' pension contributions. We find that income at age sixty-five is significantly influenced by educational attainment and has a significant effect on survival. Even after controlling for circumstances at age sixty-five or when first observed, we identify benefits discounted to age sixty-five of £115,000 for men with higher education qualifications as compared to those with minimal qualifications.

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