The marginal income effect of education on happiness: estimating the direct and indirect effects of compulsory schooling on well-being in Australia

Warn Nuarpear Lekfuangfu (), Nattavudh Powdthavee and Mark Wooden

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Many economists and educators favour public support for education on the premise that education improves the overall well-being of citizens. However, little is known about the causal pathways through which education shapes people’s subjective well-being (SWB). This paper explores the direct and indirect well-being effects of extra schooling induced through compulsory schooling laws in Australia. We find the net effect of schooling on later SWB to be positive, though this effect is larger and statistically more robust for men than for women. We then show that the compulsory schooling effect on male’s SWB is indirect and is mediated through income.

JEL-codes: C30 I30 I32 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2013
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Citations: View citations in EconPapers (20)

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http://eprints.lse.ac.uk/51552/ Open access version. (application/pdf)

Related works:
Working Paper: The Marginal Income Effect of Education on Happiness: Estimating the Direct and Indirect Effects of Compulsory Schooling on Well-Being in Australia (2013)
Working Paper: The Marginal Income Effect of Education on Happiness: Estimating the Direct and Indirect Effects of Compulsory Schooling on Well-Being in Australia (2013)
Working Paper: The Marginal Income Effect of Education on Happiness: Estimating the Direct and Indirect Effects of Compulsory Schooling on Well-Being in Australia (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:51552

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