Arbeitspapier
Estimating marginal returns to education
This paper estimates the marginal returns to college for individuals induced to enroll in college by different marginal policy changes. The recent instrumental variables literature seeks to estimate this parameter, but in general it does so only under strong assumptions that are tested and found wanting. We show how to utilize economic theory and local instrumental variables estimators to estimate the effect of marginal policy changes. Our empirical analysis shows that returns are higher for individuals more likely to attend college. We contrast the returns to well-defined marginal policy changes with IV estimates of the return to schooling. Some marginal policy changes inducing students into college produce very low returns.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 5275
- Klassifikation
-
Wirtschaft
Wage Level and Structure; Wage Differentials
- Thema
-
returns to schooling
marginal return
average return
marginal treatment effect
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Carneiro, Pedro
Heckman, James J.
Vytlacil, Edward
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Carneiro, Pedro
- Heckman, James J.
- Vytlacil, Edward
- Institute for the Study of Labor (IZA)
Entstanden
- 2010
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