Dispersion in the economic return to schooling

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Title: Dispersion in the economic return to schooling
Authors: Harmon, Colm
Hogan, Vincent (Vincent Peter)
Walker, Ian
Permanent link: http://hdl.handle.net/10197/1101
Date: 18-Oct-2002
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/Report no.: ISSC Discussion Paper Series; 2002/08
Copyright (published version): Institute for the Study of Social Change, 2002
Subject LCSH: Education--Economic aspects
Wages--Effect of education on
Labor supply--Effect of education on
Other versions: http://www.ucd.ie/geary/publications/2002/dispersion.pdf
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geary Institute Working Papers
Economics Research Collection

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