College Choice and Subsequent Earnings: Results Using Swedish Sibling Data
Using data on 19,000 whole siblings, it is shown that earnings vary significantly among students who have graduated from different colleges. The cross-section estimates are up to twice the within-family estimates, indicating that a regression estimator of college effects that does not adjust properly for family characteristics will overestimate the earnings premium of college. This study also shows that the effects of college choice vary between sisters and brothers and that there is a relationship between teacher quality and the college effects. These findings suggest that there is no straightforward interpretation of college in individual earnings equations. Copyright The editors of the "Scandinavian Journal of Economics", 2005 .
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Volume (Year): 107 (2005)
Issue (Month): 3 (09)
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References listed on IDEAS
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- Joseph G. Altonji & Thomas A. Dunn, .
"Using Siblings to Estimate the Effect of School Quality on Wages,"
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98-7, Massachusetts Institute of Technology (MIT), Department of Economics.
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NBER Working Papers
4491, National Bureau of Economic Research, Inc.
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- Solon, Gary, 1999. "Intergenerational mobility in the labor market," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 29, pages 1761-1800 Elsevier.
- Griliches, Zvi, 1979. "Sibling Models and Data in Economics: Beginnings of a Survey," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages S37-64, October.
- Loury, Linda Datcher & Garman, David, 1995. "College Selectivity and Earnings," Journal of Labor Economics, University of Chicago Press, vol. 13(2), pages 289-308, April.
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