How large are the social returns to education ?: evidence from compulsory schooling laws
Average schooling in US states is highly correlated with state wage levels, even after controlling for the direct effect of schooling on individual wages. We use an instrumental variables strategy to determine whether this relationship is driven by social returns to education. The instrumentals for...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
1999
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
7444 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | Average schooling in US states is highly correlated with state wage levels, even after controlling for the direct effect of schooling on individual wages. We use an instrumental variables strategy to determine whether this relationship is driven by social returns to education. The instrumentals for average schooling are derived from information on the child labor laws and compulsory attendance laws that affected men in our Census samples, while quarter of birth is used as an instrument for individual schooling. This results in precisely estimated private returns to education of about seven percent, and small social returns, typically less than one percent, that are not significantly different from zero. |
| Physical Description: | 28, [16] S. graph. Darst. |
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| indexdate | 2024-07-09T18:39:51Z |
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| spelling | Acemoglu, Daron 1967- Verfasser (DE-588)124929575 aut How large are the social returns to education ? evidence from compulsory schooling laws Daron Acemoglu ; Joshua Angrist Cambridge, Mass. 1999 28, [16] S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 7444 Average schooling in US states is highly correlated with state wage levels, even after controlling for the direct effect of schooling on individual wages. We use an instrumental variables strategy to determine whether this relationship is driven by social returns to education. The instrumentals for average schooling are derived from information on the child labor laws and compulsory attendance laws that affected men in our Census samples, while quarter of birth is used as an instrument for individual schooling. This results in precisely estimated private returns to education of about seven percent, and small social returns, typically less than one percent, that are not significantly different from zero. Gesellschaft Education, Compulsory Economic aspects United States States Education, Compulsory Social aspects United States States Wages Effect of education on United States States USA Angrist, Joshua D. 1960- Verfasser (DE-588)124748430 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 7444 (DE-604)BV002801238 7444 http://papers.nber.org/papers/w7444.pdf kostenfrei Volltext |
| spellingShingle | Acemoglu, Daron 1967- Angrist, Joshua D. 1960- How large are the social returns to education ? evidence from compulsory schooling laws National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Gesellschaft Education, Compulsory Economic aspects United States States Education, Compulsory Social aspects United States States Wages Effect of education on United States States |
| title | How large are the social returns to education ? evidence from compulsory schooling laws |
| title_auth | How large are the social returns to education ? evidence from compulsory schooling laws |
| title_exact_search | How large are the social returns to education ? evidence from compulsory schooling laws |
| title_full | How large are the social returns to education ? evidence from compulsory schooling laws Daron Acemoglu ; Joshua Angrist |
| title_fullStr | How large are the social returns to education ? evidence from compulsory schooling laws Daron Acemoglu ; Joshua Angrist |
| title_full_unstemmed | How large are the social returns to education ? evidence from compulsory schooling laws Daron Acemoglu ; Joshua Angrist |
| title_short | How large are the social returns to education ? |
| title_sort | how large are the social returns to education evidence from compulsory schooling laws |
| title_sub | evidence from compulsory schooling laws |
| topic | Gesellschaft Education, Compulsory Economic aspects United States States Education, Compulsory Social aspects United States States Wages Effect of education on United States States |
| topic_facet | Gesellschaft Education, Compulsory Economic aspects United States States Education, Compulsory Social aspects United States States Wages Effect of education on United States States USA |
| url | http://papers.nber.org/papers/w7444.pdf |
| volume_link | (DE-604)BV002801238 |
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