The Relationship between Health and Schooling: What's New?

  • Michael Grossman City University of New York Graduate Center, National Bureau of Economic Research, and IZA
Keywords: schooling, health, causality, efficiency, time preference

Abstract

Many studies suggest that years of formal schooling completed is the most important correlate of good health.  There is much less consensus as to whether this correlation reflects causality from more schooling to better health.  The relationship may be traced in part to reverse causality and may also reflect “omitted third variables” that cause health and schooling to vary in the same direction.  The past five years (2010-2014) have witnessed the development of a large literature focusing on the issue just raised.  I deal with that literature and what can be learned from it in this paper.

 

Published: Online October 2015. In print December 2015.

Author Biography

Michael Grossman, City University of New York Graduate Center, National Bureau of Economic Research, and IZA

Ph.D. Program in Economics

City University of New York Graduate Center

Distinguished Professor

Published
2015-12-19