Dispersion in the economic return to schooling

Files in This Item:
File Description SizeFormat 
harmonc_workpap_014.pdf476.94 kBAdobe PDFDownload
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)
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
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geary Institute Working Papers
Economics Research Collection

Show full item record

Page view(s) 20

164
checked on May 25, 2018

Download(s) 10

572
checked on May 25, 2018

Google ScholarTM

Check


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.