Economics Working Papers

Publication Date

9-2020

Number

Policy Research Working Paper 9418

Abstract

Exploiting cross–birth cohort and cross-country variation from a pool of 188 household surveys from 111 countries, this paper measures how life expectancy at birth affects lifetime education and earnings. On average, individuals add one year of schooling for every 8.3 years of increased life expectancy at birth. Lifetime earnings increase by 1.7 percent per year of added life expectancy at birth. The estimates imply that rising life expectancy at birth explains 75 percent of the increase in average years of schooling worldwide for birth cohorts between 1922 and 1987 and 38 percent of the increase in average gross domestic product per capita in the 20th century.

JEL Classification

I12, I15, I21, J24, O11, O15

Publication Status

This is a working paper from Hoque, Mohammad Mainul; King, Elizabeth M.; Montenegro, Claudio E.; Orazem, Peter F.. 2020. Life Expectancy at Birth and Lifetime Education and Earnings. Policy Research Working Paper; No. 9418. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/34556 License: CC BY 3.0 IGO.

Departments

Department of Economics, Iowa State University

File Format

application/pdf

Length

66 pages

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