Role of time preference in the correlation between health and education.
Item
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Title
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Role of time preference in the correlation between health and education.
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Identifier
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AAI9807946
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identifier
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9807946
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Creator
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Hussain, Mofakhar.
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Contributor
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Adviser: Michael Grossman
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Date
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1997
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Language
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English
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Publisher
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City University of New York.
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Subject
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Economics, Labor | Health Sciences, Public Health | Economics, General
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Abstract
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In this paper I investigate the role of time preference in the correlation between schooling and health status. For the purpose data from the Panel Study Of Income Dynamics (PSID) and National Longitudinal Survey of Youth (NLSY) is used. By use of the residual from the schooling equations and proxies of rate of time preference, I analyze the nature and extent of causality between individual discount rate, schooling and health. The result of a positive correlation between schooling and good health status supports previous findings. The role of the unobservables in the form of a residual from the schooling equation is also analyzed. The significant and positive impact of schooling on time preference proxies implies that schooling causes increased levels of future orientation. Analysis of the role of time preference in the health-schooling correlation implies a stronger correlation between individual discount rate and schooling. I offer possible ways of improving the analysis.
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Type
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dissertation
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Source
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PQT Legacy CUNY.xlsx
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degree
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Ph.D.
