Estimating Marginal Returns to Education. NBER Working Paper No. 16474

Autor/inn/en	Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward J.
Institution	National Bureau of Economic Research
Titel	Estimating Marginal Returns to Education. NBER Working Paper No. 16474
Quelle	(2010) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Outcomes of Education; Educational Attainment; Computation; Higher Education; Enrollment Rate; Economics; Evaluation Methods; Measures (Individuals) + Suchen Sie Ihr Suchwort? Lernleistung; Schulerfolg; Bildungsabschluss; Bildungsgut; Hochschulbildung; Hochschulsystem; Hochschulwesen; Volkswirtschaftslehre; Messdaten
Abstract	This paper estimates the marginal returns to college for individuals induced to enroll in college by different marginal policy changes. The recent instrumental variables literature seeks to estimate this parameter, but in general it does so only under strong assumptions that are tested and found wanting. We show how to utilize economic theory and local instrumental variables estimators to estimate the effect of marginal policy changes. Our empirical analysis shows that returns are higher for individuals with values of unobservables that make them more likely to attend college. We contrast the returns to well-defined marginal policy changes with IV estimates of the return to schooling. Some marginal policy changes inducing students into college produce very low returns. (As Provided).
Anmerkungen	National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10