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The B.E. Journal of Economic Analysis & Policy

Editor-in-Chief: Jürges, Hendrik / Ludwig, Sandra

Ed. by Auriol , Emmanuelle / Brunner, Johann / Fleck, Robert / Mendola, Mariapia / Requate, Till / Schirle, Tammy / de Vries, Frans / Zulehner, Christine

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1935-1682
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Volume 11, Issue 3

Issues

Volume 6 (2006)

Volume 4 (2004)

Volume 2 (2002)

Volume 1 (2001)

Estimating the Education-Health Relationship: A Cost-Utility Approach

Ezra Golberstein / Richard A. Hirth / Paula M. Lantz
Published Online: 2012-03-23 | DOI: https://doi.org/10.1515/1935-1682.2838

Abstract

While considerable research studies the association between education and health, no prior research estimates the magnitude of health improvements associated with more schooling, accounting for both quantity and quality of life. We use longitudinal PSID data that combines repeated survey measures of health status with mortality data to measure the number of Quality-Adjusted Life Years accruing over a 23-year period. To reduce endogeneity concerns we utilize detailed survey information on family background, cognitive, and non-cognitive skills; and we estimate sibling fixed effects models. An additional year of schooling is associated with 0.20-0.38 additional QALYs over the 23-year study period. These estimates are considerably larger than looking at quality-unadjusted life years. We estimate that an additional year of schooling is associated with an incremental discounted lifetime value of $26,000-$49,000 of health. To the extent that our results approximate causal estimates, increasing education may be a cost-effective way to improve population health.

Keywords: education; health; cost-effectiveness; cost-utility

About the article

Published Online: 2012-03-23


Citation Information: The B.E. Journal of Economic Analysis & Policy, Volume 11, Issue 3, ISSN (Online) 1935-1682, DOI: https://doi.org/10.1515/1935-1682.2838.

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©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston. Copyright Clearance Center

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