Educational Choice, Families, and Young People's Earnings
AbstractThis paper presents two optimizing models of educational choice, discusses issues of identification, estimates earnings equations in the context of these models, and presents conditions under which we can test one against the other. The estimates indicate that education is endogenous for young people's earnings, creating a downward bias in estimated returns from education that assume exogeneity. Identification and estimation relies on family background information from a special sample from the British Household Panel Study 1991-95, which matches mothers and their young adult children. Our estimates favor a family model over an individual model, and they suggest that parents allocate resources to education to compensate for differences in their children's earnings endowments.
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 University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 35 (2000)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://jhr.uwpress.org/
Other versions of this item:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Martin Salm & Daniel Schunk, 2008.
"The role of childhood health for the intergenerational transmission of human capital: Evidence from administrative data,"
MEA discussion paper series
08164, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Salm, Martin & Schunk, Daniel, 2008. "The Role of Childhood Health for the Intergenerational Transmission of Human Capital: Evidence from Administrative Data," IZA Discussion Papers 3646, Institute for the Study of Labor (IZA).
- Black, Sandra E. & Devereux, Paul J. & Salvanes, Kjell G., 2007.
"Small Family, Smart Family? Family Size and the IQ Scores of Young Men,"
IZA Discussion Papers
3011, Institute for the Study of Labor (IZA).
- Sandra E. Black & Paul J. Devereux & Kjell G. Salvanes, 2010. "Small Family, Smart Family? Family Size and the IQ Scores of Young Men," Journal of Human Resources, University of Wisconsin Press, vol. 45(1).
- Black, Sandra & Devereux, Paul J. & Salvanes, Kjell G, 2007. "Small Family, Smart Family? Family Size and the IQ Scores of Young Men," CEPR Discussion Papers 6443, C.E.P.R. Discussion Papers.
- Sandra E. Black & Paul J. Devereux & Kjell G. Salvanes, 2007. "Small Family, Smart Family? Family Size and the IQ Scores of Young Men," NBER Working Papers 13336, National Bureau of Economic Research, Inc.
- repec:ese:iserwp:2008-11 is not listed on IDEAS
- Marco Francesconi & Holly Sutherland & Francesca Zantomio, 2011.
"A comparison of earnings measures from longitudinal and cross‐sectional surveys: evidence from the UK,"
Journal of the Royal Statistical Society Series A,
Royal Statistical Society, vol. 174(2), pages 297-326, 04.
- Booth, Alison L & Bryan, Mark L, 2001.
"The Union Membership Wage Premium Puzzle: Is There A Free-Rider Problem?,"
CEPR Discussion Papers
2879, C.E.P.R. Discussion Papers.
- Alison L. Booth & Mark L. Bryan, 2004. "The union membership wage-premium puzzle: Is there a free rider problem?," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 57(3), pages 402-421, April.
- Chiara Pronzato, 2008.
"Why Educated Mothers don’t make Educated Children? A Statistical Study in the Intergenerational Transmission of Schooling,"
563, Research Department of Statistics Norway.
- Chiara Pronzato, 2008. "Why educated mothers don't make educated children: A statistical study in the intergenerational transmission of schooling," Working Papers 005, "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi.
- Chiara Pronzato, 2008. "Why Educated Mothers don’t Make Educated Children? A Statistical Study in the Intergenerational Transmission of Schooling," CHILD Working Papers wp08_08, CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY.
- Massimiliano BRATTI, 2002. "Parents' Current Income, Long-term Characteristics and Children's Education: Evidence from the 1970 British Cohort," Working Papers 174, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
- Janet Currie, 2009.
"Healthy, Wealthy, and Wise: Socioeconomic Status, Poor Health in Childhood, and Human Capital Development,"
Journal of Economic Literature,
American Economic Association, vol. 47(1), pages 87-122, March.
- Janet Currie, 2008. "Healthy, Wealthy, and Wise: Socioeconomic Status, Poor Health in Childhood, and Human Capital Development," NBER Working Papers 13987, National Bureau of Economic Research, Inc.
- Richard V. Burkhauser & Timothy M. Smeeding, 2000. "Microdata Panel Data and Public Policy: National and Cross-National Perspectives," Center for Policy Research Working Papers 23, Center for Policy Research, Maxwell School, Syracuse University.
- Banerjee, Abhijit V., 2004. "Educational policy and the economics of the family," Journal of Development Economics, Elsevier, vol. 74(1), pages 3-32, June.
- Mihails Hazans & Ija Trapeznikova & Olga Rastrigina, 2008. "Ethnic and parental effects on schooling outcomes before and during the transition: evidence from the Baltic countries," Journal of Population Economics, Springer, vol. 21(3), pages 719-749, July.
- repec:ese:iserwp:2002-23 is not listed on IDEAS
- Arnaud Chevalier & Gavan Conlon, 2003.
"Does it pay to attend a prestigious university?,"
CEE Discussion Papers
0033, Centre for the Economics of Education, LSE.
- Arnaud Chevalier & Gavan Conlon, 2003. "Does it pay to attend a prestigious university?," Working Papers 200320, School Of Economics, University College Dublin.
- Chevalier, Arnaud & Conlon, Gavan, 2003. "Does It Pay to Attend a Prestigious University?," IZA Discussion Papers 848, 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: ().
If references are entirely missing, you can add them using this form.