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Nonmarket outcomes of schooling

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  • B. Wolfe
  • S. Zuvekas

Abstract

Most studies of the benefits of education focus on market outcomes, particularly labor market returns. But the rewards of education are not limited to success at finding a job and earning money; schooling also affects nonmarket outcomes, such as one's health and the cognitive development of one's children. The authors discuss several nonmarket outcomes of education that have been confirmed by researchers and estimate the value that an additional year of schooling has on some of those outcomes.

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File URL: http://www.irp.wisc.edu/publications/dps/pdfs/dp106595.pdf
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Bibliographic Info

Paper provided by University of Wisconsin Institute for Research on Poverty in its series Institute for Research on Poverty Discussion Papers with number 1065-95.

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Handle: RePEc:wop:wispod:1065-95

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References

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  39. Benham, Lee & Benham, Alexandra, 1975. "Regulating Through the Professions: A Perspective on Information Control," Journal of Law and Economics, University of Chicago Press, vol. 18(2), pages 421-47, October.
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Citations

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Cited by:
  1. Barbara L. Wolfe & Robert H. Haveman, 2002. "Social and nonmarket benefits from education in an advanced economy," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 47(Jun), pages 97-142.
  2. Jim Davies, 2003. "Empirical Evidence on Human Capital Externalities," University of Western Ontario, Economic Policy Research Institute Working Papers 20035, University of Western Ontario, Economic Policy Research Institute.
  3. Eugenia Fabra Florit & Luis Vila Lladosa, 2007. "Evaluation of the Effects of Education on Job Satisfaction: Independent Single-Equation vs. Structural Equation Models," International Advances in Economic Research, Springer, vol. 13(2), pages 157-170, May.
  4. Panu Pelkonen, 2009. "Length of Compulsory Education and Voter Turnout - Evidence from a Staged Reform," CEE Discussion Papers 0108, Centre for the Economics of Education, LSE.
  5. Metcalfe, Renuka & Sloane, Peter J., 2007. "Human Capital Spillovers and Economic Performance in the Workplace in 2004: Some British Evidence," IZA Discussion Papers 2774, Institute for the Study of Labor (IZA).

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