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The Distribution of Lifetime Earnings Returns to College
Stockholm University, Faculty of Social Sciences, The Swedish Institute for Social Research (SOFI). Institute for Labor Market and Education Policy Evaluation (IFAU), Sweden.
2017 (English)In: Journal Labor Economics, ISSN 0734-306X, E-ISSN 1537-5307, Vol. 35, no 4, 903-952 p.Article in journal (Refereed) Published
Abstract [en]

I use Swedish registry data to estimate lifetime earnings returns to college and how they vary with observed and unobserved characteristics. The richness of the data also allows me to examine heterogeneity with respect to cognitive and noncognitive ability and parental earnings. Local instrumental variable analysis is used to recover marginal and average treatment effects under selection on gains. The findings support the notion of self-selection, but mainly on observed characteristics. Returns vary little with parental earnings but substantially with respect to both cognitive and noncognitive ability, thus suggesting important complementarities between formal schooling and informal skills.

Place, publisher, year, edition, pages
2017. Vol. 35, no 4, 903-952 p.
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-147380DOI: 10.1086/692475ISI: 000410689200001OAI: oai:DiVA.org:su-147380DiVA: diva2:1144272
Available from: 2017-09-26 Created: 2017-09-26 Last updated: 2017-10-16Bibliographically approved

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CiteExportLink to record
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