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The Consumption Value of Schooling: An Empirical Estimate of One Aspect

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  • Edward T. Gullason
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    Abstract

    The purpose of this paper is to demonstrate by example that human capital is more than just a capital good in the strictest sense of the term. Certain forms of human capital have consumption value in addition to the value of the increased stream of future monetary and nonmonetary benefits. A method for empirically estimating the consumption value of schooling as a vehicle to avoid the Vietnam War draft is presented.

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    Bibliographic Info

    Article provided by University of Wisconsin Press in its journal Journal of Human Resources.

    Volume (Year): 24 (1989)
    Issue (Month): 2 ()
    Pages: 287-298

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    Handle: RePEc:uwp:jhriss:v:24:y:1989:i:2:p:287-298

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    Web page: http://jhr.uwpress.org/

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    Cited by:
    1. Maria K. Humlum & Kristin J. Kleinjans & Helena S. Nielsen, 2012. "An Economic Analysis Of Identity And Career Choice," Economic Inquiry, Western Economic Association International, vol. 50(1), pages 39-61, 01.
    2. Alstadsí¦ter, Annette & Kolm, Ann-Sofie & Larsen, Birthe, 2008. "Money or joy: The choice of educational type," European Journal of Political Economy, Elsevier, vol. 24(1), pages 107-122, March.
    3. Annette Alstadsæter, 2011. "Measuring the Consumption Value of Higher Education," CESifo Economic Studies, CESifo, vol. 57(3), pages 458-479, September.
    4. Jones, Frank, 1995. "Capital humain et emploi du temps," Direction des etudes analytiques : documents de recherche 1995079f, Statistics Canada, Direction des etudes analytiques.
    5. Annette Alstadsæter & Hans Henrik Sievertsen, 2009. "The Consumption Value of Higher Education," CESifo Working Paper Series 2871, CESifo Group Munich.
    6. Michal Franta & Martin Guzi, 2008. "Unequal Access to Higher Education in the Czech Republic: The Role of Spatial Distribution of Universities," CERGE-EI Working Papers wp350, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
    7. Jones, Frank, 1995. "Human Capital and the Use of Time," Analytical Studies Branch Research Paper Series 1995079e, Statistics Canada, Analytical Studies Branch.
    8. Iwahashi, Roki, 2007. "A theoretical assessment of regional development effects on the demand for general education," Economics of Education Review, Elsevier, vol. 26(3), pages 387-394, June.

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