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The economic value of education by race and ethnicity

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  • Lisa Barrow
  • Cecilia Elena Rouse

Abstract

Using data from the U.S. Census and the National Longitudinal Surveys, the authors find little evidence of differences in the economic value of education across racial and ethnic groups, even with attempts to control for ability and measurement error biases. As a result, they argue, policies that increase education among the low-skilled, who are disproportionately African American and Hispanic, have a good possibility of increasing their economic well-being and reducing inequality.

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Bibliographic Info

Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

Volume (Year): (2006)
Issue (Month): Q II ()
Pages: 14-27

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Handle: RePEc:fip:fedhep:y:2006:i:qii:p:14-27:n:v.30no.2

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Related research

Keywords: Education - Economic aspects ; Labor economics;

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  1. Spence, A Michael, 1973. "Job Market Signaling," The Quarterly Journal of Economics, MIT Press, vol. 87(3), pages 355-74, August.
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Cited by:
  1. Koedel, Cory, 2008. "Teacher quality and dropout outcomes in a large, urban school district," Journal of Urban Economics, Elsevier, vol. 64(3), pages 560-572, November.
  2. Murat Arik, 2007. "The Role of Career Colleges in Tennessee: Their Size, Contribution to Workforce Earnings, and Impact on Tennessee's Economy," Studies 200702, Middle Tennessee State University, Business and Economic Research Center.
  3. Naccarato, Toni & Brophy, Megan & Courtney, Mark E., 2010. "Employment outcomes of foster youth: The results from the Midwest Evaluation of the Adult Functioning of Foster Youth," Children and Youth Services Review, Elsevier, vol. 32(4), pages 551-559, April.

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