Imagining Education: Educational Policy and the Labor Earnings Distribution
This paper simulates, within a partial equilibrium framework, the scenarios resulting from the implementation of several educational policies. Then, policies are compared according to their hypothetical results in terms of labor earnings inequality, as measured by the Gini coefficient. Results suggest that educational policies which attempt to guarantee medium qualification produce the lowest inequality even if dispersion in schooling years is high. Policies which attempt to raise tertiary education coverage but do not raise high school coverage as well, lead to rising inequality.
Volume (Year): (2009)
Issue (Month): (December)
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- Heckman, James J. & Lochner, Lance John & Todd, Petra E., 2005.
"Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond,"
IZA Discussion Papers
1700, Institute for the Study of Labor (IZA).
- Heckman, James J. & Lochner, Lance J. & Todd, Petra E., 2006. "Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond," Handbook of the Economics of Education, Elsevier.
- James J. Heckman & Lance J. Lochner & Petra E. Todd, 2005. "Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond," NBER Working Papers 11544, National Bureau of Economic Research, Inc.
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