Compulsory Education and the Benefits of Schooling
AbstractCausal estimates of the benefits of increased schooling using U.S. state schooling laws as instruments typically rely on specifications which assume common trends across states in the factors affecting different birth cohorts. Differential changes across states during this period, such as relative school quality improvements, suggest that this assumption may fail to hold. Across a number of outcomes including wages, unemployment, and divorce, we find that statistically significant causal estimates become insignificant and, in many instances, wrong-signed when allowing year of birth effects to vary across regions.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 19369.
Date of creation: Aug 2013
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Note: ED LS
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Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-28 (All new papers)
- NEP-DEM-2013-09-28 (Demographic Economics)
- NEP-EDU-2013-09-28 (Education)
- NEP-LAB-2013-09-28 (Labour Economics)
- NEP-LMA-2013-09-28 (Labor Markets - Supply, Demand, & Wages)
- NEP-URE-2013-09-28 (Urban & Real Estate Economics)
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- Meta Brown & Wilbert van der Klaauw & Jaya Wen & Basit Zafar, 2013. "Financial education and the debt behavior of the young," Staff Reports 634, Federal Reserve Bank of New York.
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