Estimating external returns to education in the US: a production function approach
AbstractIndividual US data are merged with aggregate data by state for the US and used to estimate the external benefits of education. Aggregate state-wide variables used are the average level of education and per capita physical capital for each state. Individual variables used are each working adult's labour force experience, years of completed schooling, gender and immigration status. One difference from previous studies that estimate external benefits to education is that data on physical capital for each region (state) are available and used. Hence, the study is based on an explicit production function of the form suggested by Lucas. Strong evidence of the presence of external benefits to education for the US is found.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 16 (2009)
Issue (Month): 11 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEL20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Shields, Michael P., 2008. "Why Should State Government Invest in College Education? An Equilibrium Approach for the US in 2000," IZA Discussion Papers 3569, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.