Changes across Cohorts in Wage Returns to Schooling and Early Work Experiences

被引：12

作者：

Ashworth, Jared ^{[1
]}

Hotz, V. Joseph ^{[2
,3
]}

Maurel, Arnaud ^{[4
,5
]}

Ransom, Tyler ^{[5
,6
]}

机构：

[1] Pepperdine Univ, Malibu, CA 90265 USA

[2] Duke Univ, Natl Bur Econ Res NBER, Durham, NC 27706 USA

[3] Inst Lab Econ IZA, Bonn, Germany

[4] Duke Univ, NBER, Durham, NC 27706 USA

[5] IZA, Bonn, Germany

[6] Univ Oklahoma, Norman, OK 73019 USA

来源：

JOURNAL OF LABOR ECONOMICS | 2021年 / 39卷 / 04期

关键词：

EDUCATIONAL-ATTAINMENT; COLLEGE; PREMIUM; US; ABILITY; MODELS; TRENDS; SKILLS; MEN;

D O I：

10.1086/711851

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the wage returns to schooling and actual early work experiences and how these returns have changed over the past 20 years. Using the NLSY surveys, we develop and estimate a dynamic model of the joint schooling and work decisions that young men make in early adulthood and quantify how they affect wages using a generalized Mincerian specification. Our results highlight the need to account for dynamic selection and changes in composition when analyzing changes in wage returns. In particular, we find that ignoring the selectivity of accumulated work experiences results in overstatement of the returns to education.

引用

页码：931 / 964

页数：34

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