Schooling and Earnings Distributions with Endogenous Labour Force Participation, Marital Status and Family Size
The authors investigate the impact of various schooling investment strategies on family and per capita earnings within a framework that integrates effects on earnings, family size, marital status, and labor-force participation. Empirical estimates for prerevolutionary Nicaragua suggest that the choice of schooling strategies may have important effects on the earnings distribution. Uniform schooling increments are equalizing only if the rate of return to schooling falls as schooling levels rise. Reductions in the variance of women's schooling have substantial simulated equalizing effects. Indirect effects of schooling, via marital status, etc., often play a significant role in these effects. Copyright 1988 by The London School of Economics and Political Science.
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Volume (Year): 55 (1988)
Issue (Month): 219 (August)
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