Dispersion in the economic return to schooling

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dc.contributor.author Harmon, Colm
dc.contributor.author Hogan, Vincent (Vincent Peter)
dc.contributor.author Walker, Ian
dc.date.accessioned 2009-03-04T14:37:19Z
dc.date.available 2009-03-04T14:37:19Z
dc.date.copyright UCD School of Economics 2001 en
dc.date.issued 2001-08
dc.identifier.uri http://hdl.handle.net/10197/929
dc.description.abstract In this paper we extend the standard human capital earnings function to include dispersion in the rate of return to schooling by treating the return as a random coefficient. One motivation is that if the increase in supply of skilled workers has been brought about by dipping further into the ability distribution. Alternatively if the expansion in post-compulsory education comes about through relaxed credit constraints then we might expect this to increase average ability in the pool of educated workers. Either event might lead to a rise in the variance in returns. Based on a sample of data from the United Kingdom our estimates suggest that neither the mean nor the dispersion in returns to schooling has altered significantly over time. This is consistent with educational expansion not leading to a disproportionate inflow of low ability individuals into the system. en
dc.format.extent 404855 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Economics en
dc.relation.ispartofseries UCD Centre for Economic Research Working Paper Series en
dc.relation.ispartofseries WP01/16 en
dc.relation.uri Dispersion in the economic return to schooling (2003) en
dc.relation.uri http://hdl.handle.net/10197/61 en
dc.subject.classification J31 en
dc.subject.classification J24 en
dc.subject.classification C31 en
dc.subject.lcsh Education--Economic aspects en
dc.subject.lcsh Wages--Effect of education on en
dc.subject.lcsh Labor supply--Effect of education on en
dc.title Dispersion in the economic return to schooling en
dc.type Working Paper en
dc.internal.authorurl Colm Harmon (web page) en
dc.internal.authorurl http://www.ucd.ie/research/people/gearyinstitute/professorcolmharmon/home/ en
dc.internal.authorurl Vincent (Vincent Peter) Hogan en
dc.internal.authorurl http://www.ucd.ie/research/people/economics/drvincenthogan/home/ en
dc.internal.authorid UCD0009 en
dc.internal.authorid UCD0011 en
dc.internal.availability Full text available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://www.ucd.ie/economics/research/papers/2001/WP01.16.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Harmon|Colm|aut|UCD0009
dc.neeo.contributor Hogan|Vincent (Vincent Peter)|aut|UCD0011
dc.neeo.contributor Walker|Ian|aut|


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