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Author: Palmer, Steven K.
Resulting in 2 citations.
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Palmer, Steven K. |
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An Empirical Investigation of the Determinants of the Length of Full Time Schooling Ph.D. Dissertation, North Carolina State University at Raleigh, 1975 Cohort(s): Young Men Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Educational Attainment; Family Background and Culture; I.Q.; Life Cycle Research; Socioeconomic Status (SES); Test Scores/Test theory/IRT The objective of this research is an empirical investigation of the length of full-time formal schooling completed by individuals. The theoretical basis for the research is a life cycle model of human capital accumulation. The estimated "schooling function" provides an empirical test of the implications of the life cycle model and provides quantitative estimates of the partial effects of the exogenous variables employed in the analysis. The solution of a life cycle model is presented. The solution is in the form of an implicit function relating the length of specialization in human capital production to the exogenous variables facing the individual. Regression results indicate that the index of family background and the individual's IQ test score are positive and significant determinants of schooling level. This result is predicted by the life cycle model on which the study is based. In terms of elasticities, schooling decisions are about 10 times as responsive to changes in IQ as to changes in the index of family background. Calculated at the mean values of the respective variables, a one percent increase in IQ leads to a two percent increase in educational level while a one percent increase in the index of family background leads to a two tenths of one percent increase in educational level. A tentative implication of this result is that social policies that alter the price of educational inputs through the entire life cycle will not result in large changes in individual schooling decisions. However, it should be recognized that social policies that lead to lower prices of educational inputs early in the life cycle may have somewhat different effects. |
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Bibliography Citation
Palmer, Steven K. An Empirical Investigation of the Determinants of the Length of Full Time Schooling. Ph.D. Dissertation, North Carolina State University at Raleigh, 1975. |
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Wallace, T. Dudley Ihnen, Loren A. Palmer, Steven K. |
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An Empirical Investigation of the Determinants of the Expenditures and Time Spent on Formal Schooling: A Test of a Life Cycle Model of Human Capital Final Report, U.S. Department of Health, Education and Welfare, National Institute of Education, 1975 Cohort(s): Young Men Publisher: U.S. Department of Health, Education, and Welfare, => U.S. Health & Human Services Keyword(s): Educational Costs; Life Cycle Research; Schooling This project explores a life cycle model for implications about economic variables influencing choice of length of full-time schooling and applies the resulting model to the NLS data. A Ben Porath type model was solved for the reduced form relating length of full-time schooling to the exogenous variables (model parameters). In addition, directional effects of these variables on length of full-time schooling were derived. The results confirm the implication of the theoretical model that schooling choice is subject to economic explanation. |
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Bibliography Citation
Wallace, T. Dudley, Loren A. Ihnen and Steven K. Palmer. "An Empirical Investigation of the Determinants of the Expenditures and Time Spent on Formal Schooling: A Test of a Life Cycle Model of Human Capital." Final Report, U.S. Department of Health, Education and Welfare, National Institute of Education, 1975. |