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The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...
Persistent link: https://www.econbiz.de/10013217553
Between 1970 and 1973 priority for military service was randomly assigned to draft-age men in a series of lotteries. Many men who were at risk of being drafted managed to avoid military service by enrolling in school and obtaining an educational deferment This paper uses the draft lottery as a...
Persistent link: https://www.econbiz.de/10013247414
This paper reviews and interprets the literature on the effect of school resources on students' eventual earnings and … black and white students in North and South Carolina that existed in the first half of the 20th century, and the subsequent …
Persistent link: https://www.econbiz.de/10013248409
The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population Surveys. While data from 1940 and...
Persistent link: https://www.econbiz.de/10013248669
of schooling on income and GDP growth. Much microeconometric evidence suggest that education is an important causal … determinant of income for individuals within countries. At a national level, however, recent studies have found that increases in … effect of changes in educational attainment on income growth in cross-country data is at least as great as microeconometric …
Persistent link: https://www.econbiz.de/10013210662
This paper tries to reconcile evidence on the effect of schooling on income and on GDP growth from the microeconometric … determinant of income for individuals within countries as diverse as Sweden and the United States. At a national level, however …. After accounting for measurement error, the effect of changes in educational attainment on income growth in cross …
Persistent link: https://www.econbiz.de/10013245707
measurement error. In this paper, we use an instrumental variables strategy to estimate the causal effect of income on children …Past estimates of the effect of family income on child development have often been plagued by endogeneity and …'s math and reading achievement. Our identification derives from the large, non-linear changes in the Earned Income Tax Credit …
Persistent link: https://www.econbiz.de/10009315657
The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population surveys. While data from the 1940...
Persistent link: https://www.econbiz.de/10013319933
This paper presents an overview and interpretation of the literature relating school quality to students' subsequent … education. We then summarize the literature that relates school resources to students' earnings and educational attainment. A … variety of evidence suggests that students who were educated in schools with more resources tend to earn more and have higher …
Persistent link: https://www.econbiz.de/10012473412
Between 1970 and 1973 priority for military service was randomly assigned to draft-age men in a series of lotteries. Many men who were at risk of being drafted managed to avoid military service by enrolling in school and obtaining an educational deferment This paper uses the draft lottery as a...
Persistent link: https://www.econbiz.de/10012474912