Income, schooling, and ability: evidence from a new sample of identical twins
We develop a model of optimal schooling investments and estimate it using new data on approximately 700 identical twins. We estimate an average return to schooling of 9 percent for identical twins, but estimated returns appear to be slightly higher for less able individuals. Simple cross-section est...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
1997
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
6106 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | We develop a model of optimal schooling investments and estimate it using new data on approximately 700 identical twins. We estimate an average return to schooling of 9 percent for identical twins, but estimated returns appear to be slightly higher for less able individuals. Simple cross-section estimates are marginally upward biased. These empirical results imply that more able individuals attain more schooling because they face lower marginal costs of schooling, not because of higher marginal benefits. |
| Physical Description: | 31 S. |
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| id | DE-604.BV011743769 |
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| indexdate | 2024-07-09T18:15:02Z |
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| spelling | Ashenfelter, Orley 1942- Verfasser (DE-588)124081886 aut Income, schooling, and ability evidence from a new sample of identical twins Orley Ashenfelter ; Cecilia Rouse Cambridge, Mass. 1997 31 S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6106 We develop a model of optimal schooling investments and estimate it using new data on approximately 700 identical twins. We estimate an average return to schooling of 9 percent for identical twins, but estimated returns appear to be slightly higher for less able individuals. Simple cross-section estimates are marginally upward biased. These empirical results imply that more able individuals attain more schooling because they face lower marginal costs of schooling, not because of higher marginal benefits. Erziehung Ökonometrisches Modell Education Economic aspects United States Econometric models Human capital United States Econometric models Income United States Econometric models Twins United States Econometric models USA Rouse, Cecilia Verfasser aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6106 (DE-604)BV002801238 6106 http://papers.nber.org/papers/w6106.pdf kostenfrei Volltext |
| spellingShingle | Ashenfelter, Orley 1942- Rouse, Cecilia Income, schooling, and ability evidence from a new sample of identical twins National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Erziehung Ökonometrisches Modell Education Economic aspects United States Econometric models Human capital United States Econometric models Income United States Econometric models Twins United States Econometric models |
| title | Income, schooling, and ability evidence from a new sample of identical twins |
| title_auth | Income, schooling, and ability evidence from a new sample of identical twins |
| title_exact_search | Income, schooling, and ability evidence from a new sample of identical twins |
| title_full | Income, schooling, and ability evidence from a new sample of identical twins Orley Ashenfelter ; Cecilia Rouse |
| title_fullStr | Income, schooling, and ability evidence from a new sample of identical twins Orley Ashenfelter ; Cecilia Rouse |
| title_full_unstemmed | Income, schooling, and ability evidence from a new sample of identical twins Orley Ashenfelter ; Cecilia Rouse |
| title_short | Income, schooling, and ability |
| title_sort | income schooling and ability evidence from a new sample of identical twins |
| title_sub | evidence from a new sample of identical twins |
| topic | Erziehung Ökonometrisches Modell Education Economic aspects United States Econometric models Human capital United States Econometric models Income United States Econometric models Twins United States Econometric models |
| topic_facet | Erziehung Ökonometrisches Modell Education Economic aspects United States Econometric models Human capital United States Econometric models Income United States Econometric models Twins United States Econometric models USA |
| url | http://papers.nber.org/papers/w6106.pdf |
| volume_link | (DE-604)BV002801238 |
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