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The Origins of HappinessThe Science of Well-Being over the Life Course$
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Andrew Clark, Sarah Fléche, Richard Layard, Nattavudh Powdthavee, and George Ward

Print publication date: 2019

Print ISBN-13: 9780691196336

Published to Princeton Scholarship Online: May 2020

DOI: 10.23943/princeton/9780691196336.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 21 September 2021

Education

Education

Chapter:
(p.51) 3 Education
Source:
The Origins of Happiness
Author(s):

Andrew E. Clark

Sarah Flèche

Richard Layard

Nattavudh Powdthavee

George Ward

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691196336.003.0004

This chapter investigates a set of “direct” benefits to education. Education provides an interesting and potentially enjoyable experience for students; it educates people as citizens and voters; it generates higher tax payments; it even reduces crime. And it provides for the individuals concerned a personal resource, interesting work, and additional capacity for enjoyment throughout their life. The measure of education the chapter uses in the British Cohort Study (BCS) is qualifications. The BCS tell us the highest qualifications that a person has achieved. There are altogether five levels of qualifications, but the chapter creates a single continuous variable, thus creating an index of qualifications for the BCS. In the household panel studies, the chapter measures education more simply by years of full-time education and confine the analyses to people under 65.

Keywords:   education, education benefits, qualifications, full-time education, students, British Cohort Study, happiness

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