2015
DOI: 10.2139/ssrn.2798899
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A Theory of Education and Health

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Cited by 4 publications
(4 citation statements)
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“…The theory we discuss below draws substantially on Galama and Van Kippersluis (2015a;2015b). Consider a model in which we decompose human capital into two components: health H(t) and skill θ(t), where skill includes both cognitive and non-cognitive skills (Cunha and Heckman, 2007;Conti et al 2010).…”
Section: Theoretical Formulationmentioning
confidence: 99%
See 1 more Smart Citation
“…The theory we discuss below draws substantially on Galama and Van Kippersluis (2015a;2015b). Consider a model in which we decompose human capital into two components: health H(t) and skill θ(t), where skill includes both cognitive and non-cognitive skills (Cunha and Heckman, 2007;Conti et al 2010).…”
Section: Theoretical Formulationmentioning
confidence: 99%
“…where q θ (t), q H (t), and q A (t) are the co-state variables associated with, respectively, the dynamic equation 9for skill capital θ(t), (10) for health H(t), and (2, 3) for assets A(t). These co-state variables can be interpreted as the marginal values (or shadow prices) of the relevant capital stock (see Galama and Van Kippersluis, 2015a). For example, q θ (t) is the marginal value in terms of the remaining life-time utility (from t onwards) of an additional increment of skill capital θ(t).…”
Section: Theoretical Formulationmentioning
confidence: 99%
“…An alternative approach to causal inference is to explicitly model the interdependence between observed and unobserved confounders, education, and health-related outcomes (e.g., . I complement these results by studying longevity, an objective outcome that incorporates all observed and unobserved inputs to the health production function and a unique margin for the quantity rather than quality of life (Becker, 2007;Galama and van Kippersluis, 2015;Murphy and Topel, 2006).…”
Section: Structural Equation Modelingmentioning
confidence: 98%
“…By investing in themselves, individuals can expand the set of choices available to them, increasing their well-being (Schultz, 1961). Healthcare is very important as an element of human capital: longevity, provision of direct utility, and time that may be devoted to working (Galama and van Kippersluis, 2015).…”
Section: Introductionmentioning
confidence: 99%