abstract: 'More than 1 in 7 people in Europe live in a household whose income is

  below the national poverty line, but more than 30\% of people consider

  themselves to live in poverty. This study provides evidence on the

  causal relationship between education and various dimensions of poverty.

  I construct a novel database comprising compulsory schooling reforms in

  32 European countries and use them as instruments for education. I find

  economically large poverty-reducing effects of education. This holds

  true for several objective poverty measures, which are both absolute and

  relative in nature, and a subjective poverty measure. An additional year

  of education thus reduces not only the likelihood of being classified as

  living in poverty but also the likelihood of considering oneself to live

  in poverty. Increases in labor force participation and full-time

  employment as well as better health are potential mechanisms behind

  these results. Notably, countries in Eastern Europe seem to drive the

  results.'
affiliation: 'Hofmarcher, T (Corresponding Author), IHE Swedish Inst Hlth Econ, Box
  2127, SE-22002 Lund, Sweden.

  Hofmarcher, T (Corresponding Author), Lund Univ, Dept Econ, Box 2127, SE-22002 Lund,
  Sweden.

  Hofmarcher, Thomas, IHE Swedish Inst Hlth Econ, Box 2127, SE-22002 Lund, Sweden.

  Hofmarcher, Thomas, Lund Univ, Dept Econ, Box 2127, SE-22002 Lund, Sweden.'
article-number: '102124'
author: Hofmarcher, Thomas
author-email: thomas.hofmarcher@ihe.se
author_list:
- family: Hofmarcher
  given: Thomas
da: '2023-09-28'
doi: 10.1016/j.econedurev.2021.102124
earlyaccessdate: MAY 2021
eissn: 1873-7382
files: []
issn: 0272-7757
journal: ECONOMICS OF EDUCATION REVIEW
keywords: Educational economics; Compulsory schooling; Poverty; Social exclusion
keywords-plus: 'SOCIAL EXCLUSION; HEALTH; WAGE; RETURNS; BENEFITS; ATTAINMENT;

  INEQUALITY; REGRESSION; OUTCOMES; CRIME'
language: English
month: AUG
number-of-cited-references: '91'
orcid-numbers: Hofmarcher, Thomas/0000-0002-3309-3181
papis_id: ff398683595f881de18044736462d956
ref: Hofmarcher2021effecteducation
times-cited: '13'
title: 'The effect of education on poverty: A European perspective'
type: article
unique-id: WOS:000696992800012
usage-count-last-180-days: '8'
usage-count-since-2013: '49'
volume: '83'
web-of-science-categories: Economics; Education \& Educational Research
year: '2021'