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Author: Carneiro, Pedro
Resulting in 3 citations.
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Carneiro, Pedro Heckman, James J. Vytlacil, Edward |
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Estimating Marginal Returns to Education NBER Working Paper No. 16474, National Bureau of Economic Research, October 2010. Also: http://www.nber.org/papers/w16474 Cohort(s): NLSY79 Publisher: National Bureau of Economic Research (NBER) Keyword(s): College Enrollment; Educational Returns; Variables, Instrumental This paper estimates the marginal returns to college for individuals induced to enroll in college by different marginal policy changes. The recent instrumental variables literature seeks to estimate this parameter, but in general it does so only under strong assumptions that are tested and found wanting. We show how to utilize economic theory and local instrumental variables estimators to estimate the effect of marginal policy changes. Our empirical analysis shows that returns are higher for individuals with values of unobservables that make them more likely to attend college. We contrast the returns to well-defined marginal policy changes with IV estimates of the return to schooling. Some marginal policy changes inducing students into college produce very low returns. |
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Bibliography Citation
Carneiro, Pedro, James J. Heckman and Edward Vytlacil. "Estimating Marginal Returns to Education." NBER Working Paper No. 16474, National Bureau of Economic Research, October 2010. |
| 2. |
Carneiro, Pedro Heckman, James J. Vytlacil, Edward |
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Evaluating Marginal Policy Changes and the Average Effect of Treatment for Individuals at the Margin Econometrica 78,1 (January 2010): 377–394. Also: http://www.ucl.ac.uk/~uctppca/chv_econometrica.pdf Cohort(s): NLSY79 Publisher: Blackwell Publishing, Inc. => Wiley Online Keyword(s): Average Marginal Treatment Effect; Effects of Marginal Policy Changes; Marginal Policy Relevant Treatment Effect; Marginal Treatment Effect This paper develops methods for evaluating marginal policy changes. We characterize how the effects of marginal policy changes depend on the direction of the policy change, and show that marginal policy effects are fundamentally easier to identify and to estimate than conventional treatment parameters. We develop the connection between marginal policy effects and the average effect of treatment for persons on the margin of indifference between participation in treatment and nonparticipation, and use this connection to analyze both parameters. We apply our analysis to estimate the effect of marginal changes in tuition on the return to going to college. |
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Bibliography Citation
Carneiro, Pedro, James J. Heckman and Edward Vytlacil. "Evaluating Marginal Policy Changes and the Average Effect of Treatment for Individuals at the Margin." Econometrica 78,1 (January 2010): 377–394. A.
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Carneiro, Pedro Meghir, Costas Parey, Matthias |
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Maternal Education, Home Environments, and the Development of Children and Adolescents Journal of the European Economic Association 11, s1 (January 2013): 123-160. Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1542-4774.2012.01096.x/abstract Cohort(s): Children of the NLSY79, NLSY79 Publisher: Wiley Online Keyword(s): Achievement; Armed Forces Qualifications Test (AFQT); Behavior Problems Index (BPI); Body Mass Index (BMI); Cognitive Development; Grade Retention/Repeat Grade; Home Environment; Home Observation for Measurement of Environment (HOME); Intergenerational Patterns/Transmission; Mothers, Education; Motor and Social Development (MSD); Obesity; Parental Investments; Peabody Individual Achievement Test (PIAT- Math); Peabody Individual Achievement Test (PIAT- Reading) Permission to reprint the abstract has not been received from the publisher. We study the intergenerational effects of maternal education on children’s cognitive achievement, behavioral problems, grade repetition, and obesity, using matched data from the female participants of the National Longitudinal Survey of Youth 1979 (NLSY79) and their children. We address the endogeneity of maternal schooling by instrumenting it with variation in schooling costs during the mother’s adolescence. Our results show substantial intergenerational returns to education. Our data set allows us to study a large array of channels which may transmit the effect of maternal education to the child, including family environment and parental investments at different ages of the child. We discuss policy implications and relate our findings to the literature on intergenerational mobility. © 2013 European Economic Association |
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Bibliography Citation
Carneiro, Pedro, Costas Meghir and Matthias Parey. "Maternal Education, Home Environments, and the Development of Children and Adolescents." Journal of the European Economic Association 11, s1 (January 2013): 123-160.
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