Do Peer Groups Matter? Peer Group versus Schooling Effects on Academic Attainment
This paper estimates an educational production function. Educational attainment is a function of peer group, parental input and schooling. Conventional measures of school quality are not good predictors for academic attainment, once we control for peer group effects; parental qualities also have strong effects on academic attainment. This academic attainment is a then a key determinant of subsequent labour market success, as measured by earnings. The main methodological innovation in this paper is the nomination of a set of instruments, very broad regions of birth, which, as a whole, pass close scrutiny for validity and permit unbiased estimation of the production function. Copyright The London School of Economics and Political Science 2003
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Volume (Year): 70 (2003)
Issue (Month): 277 (February)
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References listed on IDEAS
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- Donald Robertson & James Symons, 1996.
"Self-Selection in The State School System,"
CEP Discussion Papers
dp0312, Centre for Economic Performance, LSE.
- Joseph G. Altonji & Thomas A. Dunn, 1995. "The Effects of School and Family Characteristics on the Return to Education," NBER Working Papers 5072, National Bureau of Economic Research, Inc.
- Robertson, D. & Symons, J., 1988.
"The Occupational Choice Of British Children,"
325, London School of Economics - Centre for Labour Economics.
- Betts, Julian R, 1995. "Does School Quality Matter? Evidence from the National Longitudinal Survey of Youth," The Review of Economics and Statistics, MIT Press, vol. 77(2), pages 231-50, May.
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