1 option
Education and Self-Selection / Robert J. Willis, Sherwin Rosen.
- Format:
- Book
- Author/Creator:
- Willis, Robert J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w0249.
- NBER working paper series no. w0249
- Language:
- English
- Subjects (All):
- College graduates--Employment.
- College graduates.
- Education--Economic aspects.
- Education.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1978.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1978.
- Summary:
- A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent statistical models of self-selection and unobserved components. Estimates from NBER-Thorndike data strongly support the theory. First, expected lifetime earnings gains influence the decision to attend college. Second, those who did not attend college would have earned less than measurably similar people who did attend, while those who attended college would have earned less as high school graduates than measurably similar people who stopped after high school. Positive selection in both groups implies no "ability bias in these data.
- Notes:
- Print version record
- June 1978.
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