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The taste for leisure, career choice, and the returns to education

  • Chen, M. Keith
  • Chevalier, Judith A.

We develop a simple methodology to estimate the returns to education despite heterogeneous labor/leisure preferences. The labor supply behavior of doctors and physician assistants is consistent with people choosing between the two careers based on differing tastes for leisure.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4PF1W9N-4/1/a3577e043fbc6537029a527ba47558ec
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 99 (2008)
Issue (Month): 2 (May)
Pages: 353-356

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Handle: RePEc:eee:ecolet:v:99:y:2008:i:2:p:353-356
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. David Card, 2000. "Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems," NBER Working Papers 7769, National Bureau of Economic Research, Inc.
  2. Hanming Fang, 2006. "Disentangling The College Wage Premium: Estimating A Model With Endogenous Education Choices," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(4), pages 1151-1185, November.
  3. Miller, Paul W & Mulvey, Charles & Martin, Nick, 1995. "What Do Twins Studies Reveal about the Economic Returns to Education? A Comparison of Australian and U.S. Findings," American Economic Review, American Economic Association, vol. 85(3), pages 586-99, June.
  4. Eckaus, Richard S, 1973. "Estimation of the Returns to Education with Hourly Standardized Incomes," The Quarterly Journal of Economics, MIT Press, vol. 87(1), pages 121-31, February.
  5. Abbott, Michael & Ashenfelter, Orley, 1976. "Labour Supply, Commodity Demand and the Allocation of Time," Review of Economic Studies, Wiley Blackwell, vol. 43(3), pages 389-411, October.
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