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Author: Lutter, Randall
Resulting in 2 citations.
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Lin, Dajun Lutter, Randall Ruhm, Christopher J. |
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Cognitive Performance and Labor Market Outcomes NBER Working Paper No. 22470, National Bureau of Economic Research, July 2016. Also: http://www.nber.org/papers/w22470 Cohort(s): NLSY79, NLSY97 Publisher: National Bureau of Economic Research (NBER) Keyword(s): Armed Forces Qualifications Test (AFQT); Cognitive Ability; Earnings; Ethnic Differences; Gender Differences; Labor Market Outcomes; Racial Differences We use information from the National Longitudinal Survey of Youth 1979 (NLSY79) and supplementary data sources to examine how cognitive performance, measured at approximately the end of secondary schooling, is related to the labor market outcomes of 20 through 50 year olds. Our estimates control for a wide array of individual and family background characteristics, a limited set of non-cognitive attributes, survey year dummy variables and, sometimes, geographic place effects. The analysis reveals five main findings. First, cognitive performance is positively associated with future labor market outcomes at all ages. The relationship is attenuated but not eliminated by the addition of controls for non-cognitive characteristics, while the inclusion of place effects does not change the estimated associations. Second, the returns to cognitive skill increase with age. Third, the effect on total incomes reflects a combination of positive impacts of cognitive performance for both hourly wages and annual work hours. Fourth, the returns to cognitive skill are greater for women than men and for blacks and Hispanics than for non-Hispanic whites, with differential effects on work hours being more important than corresponding changes in hourly wages. Fifth, the average gains in lifetime incomes predicted to result from greater levels of cognitive performance are only slightly above those reported in prior studies but the effects are heterogeneous, with larger relative and absolute increases, in most models, for nonwhites or Hispanics than for non-Hispanic whites, and higher relative but not absolute returns for women than men. |
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Bibliography Citation
Lin, Dajun, Randall Lutter and Christopher J. Ruhm. "Cognitive Performance and Labor Market Outcomes." NBER Working Paper No. 22470, National Bureau of Economic Research, July 2016. |
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Lin, Dajun Lutter, Randall Ruhm, Christopher J. |
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Cognitive Performance and Labour Market Outcomes Labour Economics 51 (April 2018): 121-135. Also: https://www.sciencedirect.com/science/article/pii/S0927537117303329 Cohort(s): NLSY79, NLSY97 Publisher: Elsevier Keyword(s): Armed Forces Qualifications Test (AFQT); Cognitive Ability; Earnings; Ethnic Differences; Income; Labor Market Outcomes; Racial Differences We use the U.S. National Longitudinal Survey of Youth 1979 and other sources to examine how cognitive performance near the end of secondary schooling relates to labour market outcomes through age fifty. Our preferred estimates control for individual and family backgrounds, non-cognitive attributes, and survey years. We find that returns to cognitive skills rise with age. Although estimated gains in lifetime incomes are close to those reported earlier, our preferred estimates make multiple offsetting improvements. Returns to cognitive skill are greater for blacks and Hispanics than for non-Hispanic whites, both in relative and absolute terms, with gains in work hours being more important than in hourly wages. |
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Bibliography Citation
Lin, Dajun, Randall Lutter and Christopher J. Ruhm. "Cognitive Performance and Labour Market Outcomes." Labour Economics 51 (April 2018): 121-135.
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