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Title: Heterogeneity in the Returns to Schooling: Implications for Policy Evaluation
Resulting in 1 citation.
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Carneiro, Pedro M. |
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Heterogeneity in the Returns to Schooling: Implications for Policy Evaluation Ph.D. Dissertation, The University of Chicago, 2003. DAI-A 64/07, p. 2602, Jan 2004 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Educational Returns; Heterogeneity; Panel Study of Income Dynamics (PSID); Schooling; Tuition In this paper I examine the empirical importance of accounting for heterogeneity (and selection) in the estimation of the returns to schooling and in the evaluation of education policy. I study white males and females in the National Longitudinal Survey of Youth and High School and Beyond, and white males in the Panel Study of Income Dynamics. I find that, across datasets, heterogeneity (and selection) in returns is an empirically relevant phenomenon. The return to schooling for the average student in college is systematically above the return to schooling for the average individual indifferent between going to college or not (marginal individual). It is also generally above the return for individuals induced to go to college by different tuition subsidies. |
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Bibliography Citation
Carneiro, Pedro M. Heterogeneity in the Returns to Schooling: Implications for Policy Evaluation. Ph.D. Dissertation, The University of Chicago, 2003. DAI-A 64/07, p. 2602, Jan 2004. |