Do students benefit from compulsory schooling? Researchers using changes in compulsory schooling laws as instruments have typically estimated very high returns to additional schooling that are greater than the corresponding ...
Denny, Kevin; Harmon, Colm; O'Sullivan, Vincent(University College Dublin. School of EconomicsUniversity College Dublin. Institute for the Study of Social Change (Geary Institute), 2003-08)
In this paper a rich and innovative dataset, the International Adult Literacy Survey, is used to examine the impact of functional literacy on earnings. We show that the estimated return to formal education is sensitive to ...
Denny, Kevin; O'Sullivan, Vincent(University College Dublin; Institute for the Study of Social Change (Geary Institute), 2004-06)
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 ...
It is clear that education has an important effect on wages paid in the labour market
However it not clear whether this is due to the role that education plays in raising the
productivity of workers (the human capital ...
We extend the standard human capital earnings function to include dispersion in the return to schooling by treating the return as a random coefficient. If the rapid expansion in participation in higher education has been ...
We apply a new estimator to the measurement of the economic returns to education. We control for endogenous education, unobserved ability and measurement error using only the natural heteroscedasticty of wages and education ...
This paper provides estimates of the private financial return to education based on large
samples of monozygotic (MZ) and dizygotic (DZ) twins which we obtain from Danish
population registers. Our estimation exploits the ...
The internal rate of return to schooling is a fundamental economic parameter that is
often used to assess whether expenditure on education should be increased or decreased.
This paper considers alternative approaches to ...
Chevalier, Arnaud; Conlon, Gavan(University College Dublin. Institute for the Study of Social Change (Geary Institute), 2003-07)
This paper provides evidence of heterogeneity in the returns to higher education in the UK. Attending the most prestigious universities leads to a wage premium of up to 6% for males. The rise in participation in higher ...