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Longevity and Education Externalities: A Macroeconomic Perspective

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  • RICCI Francesco
  • ZACHARIADIS Marios
Abstract
This paper investigates the determinants of longevity at a macroeconomic level, emphasizing the important role played by education. To analyze the determinants of longevity, we build a model where households intentionally invest in health and education, and where education exerts external effects on longevity. Performing an empirical analysis using data across 71 countries, we find that society’s tertiary education attainment rate is important for longevity, in addition to any role that basic education plays for life expectancy at the individual level. This finding uncovers a key externality of education, consistent with the theoretical hypothesis advanced in our macroeconomic model.
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  • RICCI Francesco & ZACHARIADIS Marios, 2009. "Longevity and Education Externalities: A Macroeconomic Perspective," LERNA Working Papers 09.02.278, LERNA, University of Toulouse.
    • Handle: RePEc:ler:wpaper:09.02.278
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    7. Dierk Herzer, 2022. "The macro‐level effect of religiosity on health," Health Economics, John Wiley & Sons, Ltd., vol. 31(6), pages 993-1011, June.
    8. Ana Poças & Elias Soukiazis & Micaela Antunes, 2020. "Factors Explaining Life Expectancy at Age 65: A Panel Data Approach Applied to European Union Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 150(1), pages 265-288, July.

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    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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