Estimates Of The Economic Return To Schooling From A New Sample Of Twins

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Estimates of the Economic Return to Schooling from a New Sample of Twins

Author : Orley Ashenfelter
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Estimates of the Economic Return to Schooling from a New Sample of Twins by : Orley Ashenfelter

Download or read book Estimates of the Economic Return to Schooling from a New Sample of Twins written by Orley Ashenfelter and published by . This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a new survey to contrast the wages of genetically identical twins with different schooling levels. Multiple measurements of schooling levels were also collected to assess the effect of reporting error on the estimated economic returns to schooling. The data indicate that omitted ability variables do not bias the estimated return to schooling upward, but that measurement error does bias it downward. Adjustment for measurement error indicates that an additional year of schooling increases wages by 16%, a higher estimate of the economic returns to schooling than has been previously found.

Estimates of the Economic Returns to Schooling from a New Sample of Twins

Author : Orley Ashenfelter
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Estimates of the Economic Returns to Schooling from a New Sample of Twins by : Orley Ashenfelter

Download or read book Estimates of the Economic Returns to Schooling from a New Sample of Twins written by Orley Ashenfelter and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Further Estimates of the Economic Return to Schooling from a New Sample of Twins

Author : Cecilia Elena Rouse
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Further Estimates of the Economic Return to Schooling from a New Sample of Twins by : Cecilia Elena Rouse

Download or read book Further Estimates of the Economic Return to Schooling from a New Sample of Twins written by Cecilia Elena Rouse and published by . This book was released on 1997 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimates of the Economic Return to Schooling from a New Sample of Twins

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (124 download)

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Book Synopsis Estimates of the Economic Return to Schooling from a New Sample of Twins by :

Download or read book Estimates of the Economic Return to Schooling from a New Sample of Twins written by and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Income, Schooling, and Ability

Author : Orley Ashenfelter
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Income, Schooling, and Ability by : Orley Ashenfelter

Download or read book Income, Schooling, and Ability written by Orley Ashenfelter and published by . This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Double Trouble

Author : John Bound
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Double Trouble by : John Bound

Download or read book Double Trouble written by John Bound and published by . This book was released on 1998 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several recent studies use the schooling and wage variation between monozygotic twins to estimate the return to schooling. In this paper, we summarize the results from this literature, and we examine the implications of endogenous determination of which twin goes to school longer and of measuring schooling with (possibly mean-reverting) error. Endogeneity of between-twins schooling variation is strongly suggested by the extensive (mostly non-economic) literature documenting that the between-twins difference in birth weight is correlated with the between-twins differences in both schooling and IQ. We conclude that twins-based estimation is vulnerable to the same sort of inconsistency that afflicts conventional cross-sectional estimation. We argue, however, that, if one starts with the presumption that endogenous schooling induces upward inconsistency in the estimated return to schooling, the new twins-based estimates may complement other approaches to tightening the upper bound on the return to schooling.

What Do Twins Studies Tell Us about the Economic Returns to Education?

Author : Paul William Miller
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis What Do Twins Studies Tell Us about the Economic Returns to Education? by : Paul William Miller

Download or read book What Do Twins Studies Tell Us about the Economic Returns to Education? written by Paul William Miller and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the economic returns to education is undertaken using a rich and particularly large sample of twins (1170 pairs). The findings are placed in the context of certain existing American work, the study by Behrman et al (1977) and the recent innovative analysis by Ashenfelter and Krueger (1993). Following Ashenfelter and Krueger (1993) both fixed effects and selection effects models are estimated and correction is made for measurement error in self reported schooling levels. The basic findings are rather similar to those of Behrman et al (1977). However, they contrast sharply with those of Ashenfelter and Krueger (1993) who report that the conventional estimate of the rate of return almost doubles to 13 - 18 per cent when correction is made for measurement error and that there is no role for family effects in this relationship. The main finding is that the rate of return of schooling is in the range of 4 - 8 per cent and that there is a role for at least the genetic component of family effects in the relationship between schooling and income.

Economic Applications of Quantile Regression

Author : Bernd Fitzenberger
Publisher : Springer Science & Business Media
ISBN 13 : 3662115921
Total Pages : 325 pages
Book Rating : 4.6/5 (621 download)

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Book Synopsis Economic Applications of Quantile Regression by : Bernd Fitzenberger

Download or read book Economic Applications of Quantile Regression written by Bernd Fitzenberger and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantile regression has emerged as an essential statistical tool of contemporary empirical economics and biostatistics. Complementing classical least squares regression methods which are designed to estimate conditional mean models, quantile regression provides an ensemble of techniques for estimating families of conditional quantile models, thus offering a more complete view of the stochastic relationship among variables. This volume collects 12 outstanding empirical contributions in economics and offers an indispensable introduction to interpretation, implementation, and inference aspects of quantile regression.

Handbook of Labor Economics

Author : Orley Ashenfelter
Publisher : Elsevier
ISBN 13 : 9780444501899
Total Pages : 800 pages
Book Rating : 4.5/5 (18 download)

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Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter

Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 1999-11-18 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.

Earnings and Schooling

Author : Paul W. Miller
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Earnings and Schooling by : Paul W. Miller

Download or read book Earnings and Schooling written by Paul W. Miller and published by . This book was released on 1995 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews four economic studies of aspects of earnings and schooling conducted using data from the Australian Twin Register. First, estimates of the economic returns to schooling made using fixed effects and selection effects regression models incorporating an instrumental variables approach to correct for measurement error in self reported schooling levels are examined. The finding is that up to 30 per cent of the estimated return to schooling may be due to family effects and the remainder to pure educational effects. Second, comparisons are made between the economic model of Ashenfelter and Krueger (1994) and that of DeFries and Fulker (1985) and the results obtained from each are shown to be similar. Third, gender differences in returns to schooling are estimated and family effects are found to be a more important influence in the case of males. Fourth, the influence of family effects on educational attainments is accounted for by genetic inheritance and up to another quarter due to shared environmental effects.

Socioeconomic Success

Author : Jere R. Behrman
Publisher : Amsterdam ; New York : North-Holland Publishing Company ; New York : sole distributors for the U.S.A. and Canada, Elsevier North-Holland
ISBN 13 :
Total Pages : 306 pages
Book Rating : 4.X/5 ( download)

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Book Synopsis Socioeconomic Success by : Jere R. Behrman

Download or read book Socioeconomic Success written by Jere R. Behrman and published by Amsterdam ; New York : North-Holland Publishing Company ; New York : sole distributors for the U.S.A. and Canada, Elsevier North-Holland. This book was released on 1980 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Returns to Education

Author : Dorothe Bonjour
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Returns to Education by : Dorothe Bonjour

Download or read book Returns to Education written by Dorothe Bonjour and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a new sample of UK female identical twins to estimate private economic returns to education. We report findings in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education reported by the other twin to control for schooling measurement error. Our estimates suggest a return to schooling for UK females of about 7.7%. Second, we investigate within-twin pair ability differences by examining within-twin pair and between-family correlations of education with observable correlates of ability (including birthweight, ability tests and reading scores). Our findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking we show smoking reflects family background and using it as an instrument exacerbates ability bias.

Economics of Education

Author : Dominic J. Brewer
Publisher : Elsevier
ISBN 13 : 0080965318
Total Pages : 383 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Economics of Education by : Dominic J. Brewer

Download or read book Economics of Education written by Dominic J. Brewer and published by Elsevier. This book was released on 2010-01-26 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of short, stand-alone chapters divided into five sections including overview of the field; private and social returns to human capital investments; production, costs and ?nancing of education; teachers and teacher labor markets; and education markets, choice and incentives. The collection provides international perspectives that describe the origins of these subjects, their major issues and proponents, their landmark studies, and opportunities for future research. The 70 contributors are each well-regarded economists whose research has advanced the topic on which they write, and this book fulfills an undersupplied niche for a text in the economics of education. The chapters come from the acclaimed International Encyclopedia of Education, 3e (2010), edited by Eva Baker, Barry McGaw, and Penelope Peterson. The Encyclopedia contains over 1,350 articles in 24 sections that stretch from educational philosophies and technologies to measurement, leadership, and national systems of education. This single volume textbook presents a cohesive view of this increasingly important area ofeconomics Superb contributions from well-regarded economist convey unique and useful perspectives Chapters contain an extensive bibliography and further readings to enable interestedresearchers to extend their knowledge into each speci?c topic

Handbook of Labor Economics

Author : Orley Ashenfelter
Publisher : Elsevier
ISBN 13 : 0444534504
Total Pages : 863 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter

Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-12-09 with total page 863 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.

The Return to Education in the Mid-20th Century

Author : James J. Feigenbaum
Publisher :
ISBN 13 :
Total Pages : 73 pages
Book Rating : 4.:/5 (112 download)

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Book Synopsis The Return to Education in the Mid-20th Century by : James J. Feigenbaum

Download or read book The Return to Education in the Mid-20th Century written by James J. Feigenbaum and published by . This book was released on 2019 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: What was the return to education in the United States at mid-century? In 1940, the correlation between years of schooling and earnings was relatively low, less than it had been in 1915 or than it would be in later decades. In this paper, we estimate the causal return to schooling in 1940, constructing a large linked sample of twin brothers to account for differences in unobserved ability and family background. Though imperfect, the twins identification strategy allows us to compare the return to education to recent studies implemented similarly. We find that the return to education was relatively low in 1940, with each additional year of schooling increasing labor earnings by approximately 4%. Returns to education were evident both within and across occupations and were higher for sons born to lower SES families.

Human Capital and the Personal Distribution of Income

Author : Gary S. Becker
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (258 download)

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Book Synopsis Human Capital and the Personal Distribution of Income by : Gary S. Becker

Download or read book Human Capital and the Personal Distribution of Income written by Gary S. Becker and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Unequal Chances

Author : Samuel Bowles
Publisher : Princeton University Press
ISBN 13 : 1400835496
Total Pages : 315 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Unequal Chances by : Samuel Bowles

Download or read book Unequal Chances written by Samuel Bowles and published by Princeton University Press. This book was released on 2009-10-15 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is the United States "the land of equal opportunity" or is the playing field tilted in favor of those whose parents are wealthy, well educated, and white? If family background is important in getting ahead, why? And if the processes that transmit economic status from parent to child are unfair, could public policy address the problem? Unequal Chances provides new answers to these questions by leading economists, sociologists, biologists, behavioral geneticists, and philosophers. New estimates show that intergenerational inequality in the United States is far greater than was previously thought. Moreover, while the inheritance of wealth and the better schooling typically enjoyed by the children of the well-to-do contribute to this process, these two standard explanations fail to explain the extent of intergenerational status transmission. The genetic inheritance of IQ is even less important. Instead, parent-offspring similarities in personality and behavior may play an important role. Race contributes to the process, and the intergenerational mobility patterns of African Americans and European Americans differ substantially. Following the editors' introduction are chapters by Greg Duncan, Ariel Kalil, Susan E. Mayer, Robin Tepper, and Monique R. Payne; Bhashkar Mazumder; David J. Harding, Christopher Jencks, Leonard M. Lopoo, and Susan E. Mayer; Anders Björklund, Markus Jäntti, and Gary Solon; Tom Hertz; John C. Loehlin; Melissa Osborne Groves; Marcus W. Feldman, Shuzhuo Li, Nan Li, Shripad Tuljapurkar, and Xiaoyi Jin; and Adam Swift.