Arbeitspapier
Returns to Education: The Causal Effects of Education on Earnings, Health and Smoking
This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in the structural dynamic discrete choice literature with approaches used in the reduced form treatment effect literature. It is an empirically robust middle ground between the two approaches which estimates economically interpretable and policy-relevant dynamic treatment effects that account for heterogeneity in cognitive and non-cognitive skills and the continuation values of educational choices. Graduating college is not a wise choice for all. Ability bias is a major component of observed educational differentials. For some, there are substantial causal effects of education at all stages of schooling.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 9957
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Multiple or Simultaneous Equation Models: Classification Methods; Cluster Analysis; Principal Components; Factor Models
Health Behavior
Health and Inequality
Analysis of Education
- Thema
-
education
earnings
health
rates of return
causal effects of education
cognitive skills
non-cognitive skills
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Heckman, James J.
Humphries, John Eric
Veramendi, Gregory
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Heckman, James J.
- Humphries, John Eric
- Veramendi, Gregory
- Institute for the Study of Labor (IZA)
Entstanden
- 2016
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