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Are Returns to Schooling Concentrated Among The Most Able? A Semiparametric Analysis of The Ability--earnings Relationships

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  • Justin L. Tobias

    (University of California)

Abstract

In this paper I explore the relationship between ability and log waves using flexible estimation techniques. I find evidence of nonlinearities in these relationships that vary across levels of schooling, and argue that ability--sorting into higher education creates problems for accurately identifying the return to schooling over the entire ability support. Over an ability support that is "common" to those with and without a college education, I find that the college log wage premium is incerasing for the more able, and this premium grew during the period 1984--1994 for individuals at all points in the ability distribution. The growth of this wage premium over time also appears to have followed a "smoother" linear path for high--ability individuals than individuals of lower ability. Copyright Blackwell Publishing Ltd, 2003.

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  • Justin L. Tobias, 2003. "Are Returns to Schooling Concentrated Among The Most Able? A Semiparametric Analysis of The Ability--earnings Relationships," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(1), pages 1-29, February.
  • Handle: RePEc:bla:obuest:v:65:y:2003:i:1:p:1-29
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    Cited by:

    1. Gundersen, Sara, 2016. "Disappointing returns to education in Ghana: A test of the robustness of OLS estimates using propensity score matching," International Journal of Educational Development, Elsevier, vol. 50(C), pages 74-89.
    2. Naito, Hisahiro, 2004. "Endogenous human capital accumulation, comparative advantage and direct vs. indirect redistribution," Journal of Public Economics, Elsevier, vol. 88(12), pages 2685-2710, December.
    3. Jutta Viinikainen & Katja Kokko & Lea Pulkkinen & Jaakko Pehkonen, 2010. "Personality and Labour Market Income: Evidence from Longitudinal Data," LABOUR, CEIS, vol. 24(2), pages 201-220, June.
    4. Black, Dan A. & Smith, J.A.Jeffrey A., 2004. "How robust is the evidence on the effects of college quality? Evidence from matching," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 99-124.
    5. Hisahiro Naito, 2003. "Atkinson and Stiglitz Theorem with Endogenous Human Capital Accumulation," ISER Discussion Paper 0596, Institute of Social and Economic Research, Osaka University.
    6. Dale J. Poirier & Gary Koop & Justin Tobias, 2005. "Semiparametric Bayesian inference in multiple equation models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(6), pages 723-747.

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