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Dispersion in the economic return to schooling
Date Issued
2002-10-18
Date Available
2009-04-27T11:55:03Z
Abstract
We extend the standard human capital earnings function to include dispersion in the return to schooling by treating the return as a random coefficient. If the rapid expansion in participation in higher education has been brought about by dipping further into the ability distribution, we should observe a rise in the variance of returns. Alternatively, if the expansion has come about through relaxing credit constraints then we might expect to see an increase in both the mean and variance of returns. Our estimates suggest that the variance in returns has not risen over time.
Type of Material
Working Paper
Publisher
University College Dublin. Institute for the Study of Social Change (Geary Institute)
Series
ISSC Discussion Paper Series
2002/08
Copyright (Published Version)
Institute for the Study of Social Change, 2002
Classification
J31
J24
C31
Subject – LCSH
Education--Economic aspects
Wages--Effect of education on
Labor supply--Effect of education on
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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