Estimating Marginal Returns to Education
Copyright policy )Estimating Marginal Returns to Education
This paper estimates 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 our estimates with IV estimates of the return to schooling. JEL: I23, J24, J31
- Institute for the Study of Labor Germany
- American Bar Foundation United States
- National Bureau of Economic Research United States
- University College Dublin Ireland
- NATIONAL BUREAU OF ECONOMIC RESEARCH
Marginal Return, marginal treatment effect, Marginal Treatment Effect, Bildungspolitik, returns to schooling, ddc:330, Bildungsertrag, average return, Returns to Schooling, Bildungswesen, Politische Reform, marginal treatment effect, returns to schooling, marginal return, average return, marginal return, J31, Average Return, USA, jel: jel:J31
Marginal Return, marginal treatment effect, Marginal Treatment Effect, Bildungspolitik, returns to schooling, ddc:330, Bildungsertrag, average return, Returns to Schooling, Bildungswesen, Politische Reform, marginal treatment effect, returns to schooling, marginal return, average return, marginal return, J31, Average Return, USA, jel: jel:J31
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).376 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 0.1% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 1% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 1%
Citations provided by BIP!Popularity provided by BIP!