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

Published in: Economics of Education Review 17 (1998). 245-256. (with Joop Hartog )

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 higheston 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.

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