Educational Spillovers: Does One Size Fit All?
AbstractIn a search model of production, where agents accumulate heterogenous amounts of human capital, an individual worker’s wage depends on average human capital in the searching population. Based on this model, this paper estimates a Mincerian wage equation augmented with terms for average human capital. The authors find that there is a positive and significant spillover effect, but that the effect differs by gender and population group, as well as educational status. The differing spillover effects can only partially be explained by occupational choice.
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Bibliographic InfoPaper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0503.
Date of creation: Feb 2005
Date of revision:
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More information through EDIRC
externality; human capital; social returns to education; spillover; wages;
Other versions of this item:
- I29 - Health, Education, and Welfare - - Education - - - Other
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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