Laws, Educational Outcomes, and Returns to Schooling: Evidence from the Full Count 1940 Census / Karen Clay, Jeff Lingwall, Melvin Stephens, Jr..

Format:

Book

Author/Creator:

Clay, Karen.

Contributor:

National Bureau of Economic Research.

Lingwall, Jeff.

Stephens, Melvin, Jr.

Series:

Working Paper Series (National Bureau of Economic Research) no. w22855.

NBER working paper series no. w22855

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Laws, Educational Outcomes, and Returns to Schooling

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2016.

Summary:

This paper uses a new dataset on state compulsory attendance, continuation school, and child labor laws with the 1940 full count Census of Population to estimate the returns to schooling for native-born white men in the 1885-1912 birth cohorts. IV estimates of returns to schooling range from 0.064 to 0.079. Quantile IV estimates show that the returns to schooling were largest for the lowest quantiles, and were generally monotonically decreasing for higher quantiles. These findings suggest that early schooling laws may have contributed to the Great Compression by increasing education levels for white men at the bottom of the distribution.

Notes:

Print version record

November 2016.