Estimates of the returns to schooling from sibling data: fathers, sons, and brothers
In this paper we use data on brothers, and fathers and sons, to estimate the economic returns to schooling. Our goal is to determine whether the correlation between earnings and schooling is due, in part, to the correlation between family backgrounds and schooling. The basic idea is to contrast the...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, MA
1993
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| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
4491 |
| Schlagworte: | |
| Zusammenfassung: | In this paper we use data on brothers, and fathers and sons, to estimate the economic returns to schooling. Our goal is to determine whether the correlation between earnings and schooling is due, in part, to the correlation between family backgrounds and schooling. The basic idea is to contrast the differences between the schooling of brothers, and fathers and sons, with the differences in their respective earnings. Since individuals linked by family affiliation are more likely to have similar innate ability and family backgrounds than randomly selected individuals our procedure provides a straightforward control for unobserved family attributes. Our empirical results indicate that in the sample of brothers the ordinary least squares estimates of the return to schooling may be biased upward by some 25% by the omission of family background factors. Adjustments for measurement error, however, imply that the intrafamily estimate of the returns to schooling is biased downward by about 25% also, so that the ordinary least squares estimate suffers from very little overall bias. Using data on fathers and sons introduces some ambiguity into these findings, as commonly used specification tests reject our simplest models of the role of family background in the determination of earnings. |
| Beschreibung: | 19, [12] S. graph. Darst. |
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 4491 | |
| 520 | |a In this paper we use data on brothers, and fathers and sons, to estimate the economic returns to schooling. Our goal is to determine whether the correlation between earnings and schooling is due, in part, to the correlation between family backgrounds and schooling. The basic idea is to contrast the differences between the schooling of brothers, and fathers and sons, with the differences in their respective earnings. Since individuals linked by family affiliation are more likely to have similar innate ability and family backgrounds than randomly selected individuals our procedure provides a straightforward control for unobserved family attributes. Our empirical results indicate that in the sample of brothers the ordinary least squares estimates of the return to schooling may be biased upward by some 25% by the omission of family background factors. Adjustments for measurement error, however, imply that the intrafamily estimate of the returns to schooling is biased downward by about 25% also, so that the ordinary least squares estimate suffers from very little overall bias. Using data on fathers and sons introduces some ambiguity into these findings, as commonly used specification tests reject our simplest models of the role of family background in the determination of earnings. | ||
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Wages |x Econometric models | |
| 650 | 4 | |a Wages |x Effect of education on |x Econometric models | |
| 700 | 1 | |a Zimmerman, David J. |e Verfasser |4 aut | |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 4491 |w (DE-604)BV002801238 |9 4491 | |
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| id | DE-604.BV008901489 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T17:26:55Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-005889036 |
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| physical | 19, [12] S. graph. Darst. |
| publishDate | 1993 |
| publishDateSearch | 1993 |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Ashenfelter, Orley 1942- Verfasser (DE-588)124081886 aut Estimates of the returns to schooling from sibling data fathers, sons, and brothers Orley Ashenfelter ; David J. Zimmerman Cambridge, MA 1993 19, [12] S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4491 In this paper we use data on brothers, and fathers and sons, to estimate the economic returns to schooling. Our goal is to determine whether the correlation between earnings and schooling is due, in part, to the correlation between family backgrounds and schooling. The basic idea is to contrast the differences between the schooling of brothers, and fathers and sons, with the differences in their respective earnings. Since individuals linked by family affiliation are more likely to have similar innate ability and family backgrounds than randomly selected individuals our procedure provides a straightforward control for unobserved family attributes. Our empirical results indicate that in the sample of brothers the ordinary least squares estimates of the return to schooling may be biased upward by some 25% by the omission of family background factors. Adjustments for measurement error, however, imply that the intrafamily estimate of the returns to schooling is biased downward by about 25% also, so that the ordinary least squares estimate suffers from very little overall bias. Using data on fathers and sons introduces some ambiguity into these findings, as commonly used specification tests reject our simplest models of the role of family background in the determination of earnings. Ökonometrisches Modell Wages Econometric models Wages Effect of education on Econometric models Zimmerman, David J. Verfasser aut National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4491 (DE-604)BV002801238 4491 |
| spellingShingle | Ashenfelter, Orley 1942- Zimmerman, David J. Estimates of the returns to schooling from sibling data fathers, sons, and brothers National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Wages Econometric models Wages Effect of education on Econometric models |
| title | Estimates of the returns to schooling from sibling data fathers, sons, and brothers |
| title_auth | Estimates of the returns to schooling from sibling data fathers, sons, and brothers |
| title_exact_search | Estimates of the returns to schooling from sibling data fathers, sons, and brothers |
| title_full | Estimates of the returns to schooling from sibling data fathers, sons, and brothers Orley Ashenfelter ; David J. Zimmerman |
| title_fullStr | Estimates of the returns to schooling from sibling data fathers, sons, and brothers Orley Ashenfelter ; David J. Zimmerman |
| title_full_unstemmed | Estimates of the returns to schooling from sibling data fathers, sons, and brothers Orley Ashenfelter ; David J. Zimmerman |
| title_short | Estimates of the returns to schooling from sibling data |
| title_sort | estimates of the returns to schooling from sibling data fathers sons and brothers |
| title_sub | fathers, sons, and brothers |
| topic | Ökonometrisches Modell Wages Econometric models Wages Effect of education on Econometric models |
| topic_facet | Ökonometrisches Modell Wages Econometric models Wages Effect of education on Econometric models |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT ashenfelterorley estimatesofthereturnstoschoolingfromsiblingdatafatherssonsandbrothers AT zimmermandavidj estimatesofthereturnstoschoolingfromsiblingdatafatherssonsandbrothers |