Can education compensate for low ability? Evidence from British data (version 3.0)

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dc.contributor.author Denny, Kevin
dc.contributor.author O'Sullivan, Vincent
dc.date.accessioned 2008-05-28T14:08:49Z
dc.date.available 2008-05-28T14:08:49Z
dc.date.issued 2004-06
dc.identifier.uri http://hdl.handle.net/10197/170
dc.description.abstract This paper uses cross section data to investigate whether education and ability are substitutes or complements in the determination of earnings. Using a measure of cognitive ability based on tests taken at ages 7 and 11 we find, unlike most of the existing literature, clear evidence that the return to schooling is lower for those with higher ability indicating that education can act as a substitute for observed ability. We also estimate quantile regression functions to examine how the return to schooling varies across the conditional distribution of earnings. The results show that the return is lower for higher quantiles, suggesting that education is also a substitute for unobserved ability. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin; Institute for the Study of Social Change (Geary Institute) en
dc.relation.ispartofseries ISSC Discussion Paper Series en
dc.relation.ispartofseries WP 2004/05 en
dc.relation.hasversion Denny, K. (2007) 'Can education compensate for low ability? Evidence from British data'. Applied Economics Letters, 14 (9): 657-660. en
dc.relation.uri Can education compensate for low ability? Evidence from British data (7th July 2004, version 3.1)
dc.relation.uri http://hdl.handle.net/10197/942
dc.relation.uri Can education compensate for low ability? Evidence from British data (July 2004, version 3.2)
dc.relation.uri http://hdl.handle.net/10197/943
dc.subject Earnings en
dc.subject Education en
dc.subject Ability en
dc.subject.classification J31 en
dc.subject.lcsh Education en
dc.subject.lcsh Ability en
dc.subject.lcsh Wages--Effect of education on en
dc.title Can education compensate for low ability? Evidence from British data (version 3.0) en
dc.type Working Paper en
dc.internal.authorurl Kevin Denny (web page) en
dc.internal.authorurl http://www.ucd.ie/economic/staff/kdenny/kdenny.html en
dc.internal.authorcontactother Email: kevin.denny@ucd.ie; Tel: +353 1 716 4632 en
dc.internal.authorid UCD0005 en
dc.internal.availability Full text available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://www.ucd.ie/geary/publications/2004/ability.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Denny|Kevin|aut|UCD0005
dc.neeo.contributor O'Sullivan|Vincent|aut|


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