Parental health and the education of their offspring: Examining the trade-off
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Description
We develop an overlapping generations model where adults educate their offspring and undertake certain health expenditures to improve their own longevity. For agents with incomes exceeding a certain threshold level, health expenditure is a necessity, while it is a luxury for others. When income is below another threshold level, health and education expenditures are substitutes, but are complements otherwise. If the intertemporal elasticity of substitution is below a particular value, parental longevity and offspring’s human capital are positively associated for all agents. Otherwise, parental longevity and offspring human capital may be negatively related for poorer agents, resulting in intergenerational inequalities in longevity.
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| ID Code: | 131239 | ||
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| Item Type: | Contribution to conference (Paper/Presentation) | ||
| Refereed: | No | ||
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| Pure ID: | 57327481 | ||
| Divisions: | Past > QUT Faculties & Divisions > QUT Business School | ||
| Copyright Owner: | 2015 The Author(s) | ||
| Copyright Statement: | This work is covered by copyright. Unless the document is being made available under a Creative Commons Licence, you must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a Creative Commons License (or other specified license) then refer to the Licence for details of permitted re-use. It is a condition of access that users recognise and abide by the legal requirements associated with these rights. If you believe that this work infringes copyright please provide details by email to qut.copyright@qut.edu.au | ||
| Deposited On: | 08 Jul 2019 01:02 | ||
| Last Modified: | 03 Mar 2024 07:50 |
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