IDEAS home Printed from https://ideas.repec.org/a/ucp/jhucap/doi10.1086-686154.html
   My bibliography  Save this article

Returns to Education and Educational Outcomes: The Case of the Spanish Housing Boom

Author

Listed:
  • Ainhoa Aparicio-Fenoll

Abstract

This paper estimates how returns to education affect school enrollment and grade completion using a novel identification strategy. The strategy exploits construction data for the Spanish housing boom and the fact that the construction sector employs mostly uneducated men. Hence, the Spanish housing boom significantly decreased the returns to education for men while it hardly affected those for women. I show that a 10 percent decrease in the ratio of wages of educated to uneducated individuals leads to a 2 percent decrease in the probability of being enrolled in school and a 0.2 percent decrease in grade completion among 16–18-year-olds.

Suggested Citation

  • Ainhoa Aparicio-Fenoll, 2016. "Returns to Education and Educational Outcomes: The Case of the Spanish Housing Boom," Journal of Human Capital, University of Chicago Press, vol. 10(2), pages 235-265.
    • Handle: RePEc:ucp:jhucap:doi:10.1086/686154
    DOI: 10.1086/686154
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/686154
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/686154
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/686154?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Juan J. Dolado & Marcel Jansen & Juan F. Jimeno, "undated". "A Matching Model of Crowding-Out and On-the-Job Search (with an application to Spain)," Working Papers 2002-16, FEDEA.
    2. Petrongolo, Barbara & San Segundo, Maria J., 2002. "Staying-on at school at 16: the impact of labor market conditions in Spain," Economics of Education Review, Elsevier, vol. 21(4), pages 353-365, August.
    3. David J. Zimmerman, 2003. "Peer Effects in Academic Outcomes: Evidence from a Natural Experiment," The Review of Economics and Statistics, MIT Press, vol. 85(1), pages 9-23, February.
    4. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    5. Dan A. Black & Terra G. McKinnish & Seth G. Sanders, 2005. "Tight Labor Markets and the Demand for Education: Evidence from the Coal Boom and Bust," ILR Review, Cornell University, ILR School, vol. 59(1), pages 3-16, October.
    6. Raghuram G. Rajan, 2010. "Fault Lines: How Hidden Fractures Still Threaten the World Economy," Economics Books, Princeton University Press, edition 1, number 9111.
    7. Moulton, Brent R, 1990. "An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro Unit," The Review of Economics and Statistics, MIT Press, vol. 72(2), pages 334-338, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sergi Jiménez-Martín & Arnau Juanmarti Mestres & Judit Vall Castelló, 2019. "Great Recession and disability insurance in Spain," Empirical Economics, Springer, vol. 56(5), pages 1623-1645, May.
    2. Graves, Jennifer & Kuehn, Zoë, 2021. "Specializing in growing sectors: Wage returns and gender differences," Labour Economics, Elsevier, vol. 70(C).
    3. Arenas, Andreu & Malgouyres, Clément, 2018. "Countercyclical school attainment and intergenerational mobility," Labour Economics, Elsevier, vol. 53(C), pages 97-111.
    4. Arenas, Andreu & Calsamiglia, Caterina, 2022. "Gender Differences in High-Stakes Performance and College Admission Policies," IZA Discussion Papers 15550, Institute of Labor Economics (IZA).
    5. Aitor Lacuesta & Sergio Puente & Ernesto Villanueva, 2020. "The schooling response to a sustained increase in low-skill wages: evidence from Spain 1989–2009," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 11(4), pages 457-499, December.
    6. Olivier Bargain & Laurine Martinoty, 2019. "Crisis at home: mancession-induced change in intrahousehold distribution," Journal of Population Economics, Springer;European Society for Population Economics, vol. 32(1), pages 277-308, January.
    7. Francisco Queirós, 2024. "The real side of stock market exuberance: bubbles, output and productivity at the industry level," Economica, London School of Economics and Political Science, vol. 91(361), pages 268-291, January.
    8. Díaz Serrano, Lluís & Nilsson, William,, 2018. "School Dropouts and the Local Labor Markets: The Role of the Skills Structure of the Employment," Working Papers 2072/351583, Universitat Rovira i Virgili, Department of Economics.
    9. Fusaro, Stefano & Scandurra, Rosario, 2023. "The impact of the European social fund on youth education and employment," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).
    10. Bertoli, Paola & Grembi, Veronica & Vall Castellò, Judit, 2018. "Not all silver lining? The Great Recession and road traffic accidents," Regional Science and Urban Economics, Elsevier, vol. 70(C), pages 274-288.
    11. Ole Henning Nyhus, 2020. "When outside options bite: Labor demand in the Norwegian salmon farming industry and educational investments," Working Paper Series 18720, Department of Economics, Norwegian University of Science and Technology.
    12. Luis Diaz‐Serrano & William Nilsson, 2020. "The regional anatomy of youths' educational attainment in Spain: The role of the employment structure in local labour markets," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1487-1508, October.
    13. Diaz-Serrano, Luis & Nilsson, William, 2020. "The Regional Anatomy of School Dropouts in Spain: The Role of the Industry Structure of Local Labour Markets," IZA Discussion Papers 13220, Institute of Labor Economics (IZA).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kristine Simson, 2015. "Explaining upper secondary school dropout: new evidence on the role of local labor markets," Empirical Economics, Springer, vol. 48(4), pages 1419-1444, June.
    2. Czarnitzki, Dirk & Doherr, Thorsten & Hussinger, Katrin & Schliessler, Paula & Toole, Andrew A., 2016. "Knowledge Creates Markets: The influence of entrepreneurial support and patent rights on academic entrepreneurship," European Economic Review, Elsevier, vol. 86(C), pages 131-146.
    3. Maria De Paola & Vincenzo Scoppa, 2010. "Peer group effects on the academic performance of Italian students," Applied Economics, Taylor & Francis Journals, vol. 42(17), pages 2203-2215.
    4. Eduardo Fé & Bruce Hollingsworth, 2016. "Short- and long-run estimates of the local effects of retirement on health," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 179(4), pages 1051-1067, October.
    5. Wessel, Jan, 2019. "Evaluating the transport-mode-specific trade effects of different transport infrastructure types," Transport Policy, Elsevier, vol. 78(C), pages 42-57.
    6. Seul-Ki Kim & Young-Chul Kim, 2021. "Coed vs Single-Sex Schooling: An Empirical Study on Mental Health Outcomes," Working Papers 2103, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    7. Ronald Bachmann & Daniel Baumgarten & Joel Stiebale, 2014. "Foreign direct investment, heterogeneous workers and employment security: Evidence from Germany," Canadian Journal of Economics, Canadian Economics Association, vol. 47(3), pages 720-757, August.
    8. Lerbs, Oliver & Teske, Markus, 2016. "The house price-vacancy curve," ZEW Discussion Papers 16-082, ZEW - Leibniz Centre for European Economic Research.
    9. Hansen, Bruce E. & Lee, Seojeong, 2019. "Asymptotic theory for clustered samples," Journal of Econometrics, Elsevier, vol. 210(2), pages 268-290.
    10. Giuseppe Moscelli & Hugh Gravelle & Luigi Siciliani, 2018. "Effects of Market Structure and Patient Choice on Hospital Quality for Planned Patients," School of Economics Discussion Papers 1118, School of Economics, University of Surrey.
    11. Anderton, Robert & Di Lupidio, Benedetta & Jarmulska, Barbara, 2020. "The impact of product market regulation on productivity through firm churning: Evidence from European countries," Economic Modelling, Elsevier, vol. 91(C), pages 487-501.
    12. Pierre LEVASSEUR, 2016. "The effects of bodyweight on wages in urban Mexico," Cahiers du GREThA (2007-2019) 2016-18, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    13. Maria De Paola, 2009. "Does Teacher Quality Affect Student Performance? Evidence From An Italian University," Bulletin of Economic Research, Wiley Blackwell, vol. 61(4), pages 353-377, October.
    14. Jan Ruffner & Michael Siegenthaler, 2016. "From Labor to Cash Flow? The Abolition of Immigration Restrictions and the Performance of Swiss Firms," KOF Working papers 16-424, KOF Swiss Economic Institute, ETH Zurich.
    15. David Castells-Quintana & Vicente Royuela, 2017. "Tracking positive and negative effects of inequality on long-run growth," Empirical Economics, Springer, vol. 53(4), pages 1349-1378, December.
    16. Quintana-Domeque, Climent & Wohlfart, Johannes, 2016. "“Relative concerns for consumption at the top”: An intertemporal analysis for the UK," Journal of Economic Behavior & Organization, Elsevier, vol. 129(C), pages 172-194.
    17. Hsieh, Chih-Sheng & Lin, Xu, 2017. "Gender and racial peer effects with endogenous network formation," Regional Science and Urban Economics, Elsevier, vol. 67(C), pages 135-147.
    18. Zhao, Liqiu & Zhao, Zhong, 2021. "Disruptive Peers in the Classroom and Students’ Academic Outcomes: Evidence and Mechanisms," Labour Economics, Elsevier, vol. 68(C).
    19. Yujin Jeong & Jordan I. Siegel & Sophie Yu‐Pu Chen & Whitney K. Newey, 2020. "A recentering approach for interpreting interaction effects from logit, probit, and other nonlinear models," Strategic Management Journal, Wiley Blackwell, vol. 41(11), pages 2072-2091, November.
    20. Gu, Xinhua & Tam, Pui Sun & Lei, Chun Kwok, 2021. "The effects of inequality in the 1997–98 Asian crisis and the 2008–09 global tsunami: The case of five Asian economies," Journal of International Money and Finance, Elsevier, vol. 110(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jhucap:doi:10.1086/686154. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/JHC .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.