TY  - BOOK
AU  - Gan,Li
AU  - Gong,Guan
ED  - National Bureau of Economic Research.
TI  - Mortality Risk and Educational Attainment of Black and White Men
T2  - NBER working paper series
PY  - 2004///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - March 2004; Hardcopy version available to institutional subscribers
N2  - This paper investigates to what extent the differences in education between black and white men can be explained by the differences in their mortality risks. A dynamic optimal stopping-point life cycle model is examined, in which group-level mortality risk plays an important role in determining individual-level mortality risk, health expenditure,and the amount of schooling. The model is calibrated to quantify the effect of mortality risks on schooling by taking the black and white male population as the respective reference groups for black men and white men. We find that the impact of mortality risk on schooling explains more than two-thirds of the empirical education differences between black and white males. This conclusion is robust to a set of plausible parameter values
UR  - https://www.nber.org/papers/w10381
UR  - http://dx.doi.org/10.3386/w10381
ER  -