Arbeitspapier

The Distribution of Returns to Education for People with Disabilities

This note takes a first look at the distribution of returns to education for people with disabilities, a particularly disadvantaged group whose labor market performances have not been well studied or documented. Using a nonparametric approach, we uncover significant heterogeneity in the returns to education for these workers, which is drastically masked by the conventional parametric methods. Based on these estimates, we construct the Sharpe ratio of human capital investment (taking into account its substantial risk), and our results corroborate on the claimed importance of human capital in improving these workers' wages. Our stochastic dominance tests, however, show that the returns to education for workers with disabilities, as a group, may have been affected more adversely in the most recent recession, relative to their non-disabled counterparts.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 10747

Klassifikation
Wirtschaft
Semiparametric and Nonparametric Methods: General
Health Behavior
Returns to Education
General Welfare; Well-Being
Thema
disability
education
risk
heterogeneity

Ereignis
Geistige Schöpfung
(wer)
Henderson, Daniel J.
Houtenville, Andrew
Wang, Le
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2017

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Henderson, Daniel J.
  • Houtenville, Andrew
  • Wang, Le
  • Institute of Labor Economics (IZA)

Entstanden

  • 2017

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