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Human capital and sorting models reconsidered


  • Tolga YURET

    (Koc Universitesi)


Turkey changed its compulsory attendance law in the 1997-1998 academic year. The requirement increased from five to eight years of primary education. After the law change, there is an abrupt increase in the high school enrollment rate. This is despite the fact that the law does not cover high school education. By using the 2003 household budget survey and differences in differences methodology, we find that a typical student is 3.2 percent more likely to have high school education if he is subject to the new law. Moreover, the largest increase in the likelihood of having high school education is attained by the students who have the weakest socioeconomic background. These findings are consistent with the standard sorting model but contrast the standard human capital model.

Suggested Citation

  • Tolga YURET, 2010. "Human capital and sorting models reconsidered," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 25(295), pages 73-90.
  • Handle: RePEc:iif:iifjrn:v:25:y:2010:i:295:p:73-90

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    References listed on IDEAS

    1. Faust, Jon & Swanson, Eric T. & Wright, Jonathan H., 2004. "Identifying VARS based on high frequency futures data," Journal of Monetary Economics, Elsevier, vol. 51(6), pages 1107-1131, September.
    2. Kuttner, Kenneth N., 2001. "Monetary policy surprises and interest rates: Evidence from the Fed funds futures market," Journal of Monetary Economics, Elsevier, vol. 47(3), pages 523-544, June.
    3. Gurkaynak, Refet S. & Sack, Brian T. & Swanson, Eric P., 2007. "Market-Based Measures of Monetary Policy Expectations," Journal of Business & Economic Statistics, American Statistical Association, vol. 25, pages 201-212, April.
    4. Zelal AKTAŞ & Harun ALP & Refet GÜRKAYNAK & Mehtap KESRİYELİ & Musa ORAK, 2009. "Türkiye'de para politikasının aktarımı: Para politikasının mali piyasalara etkisi," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 24(278), pages 9-24.
    5. Rigobon, Roberto & Sack, Brian, 2004. "The impact of monetary policy on asset prices," Journal of Monetary Economics, Elsevier, vol. 51(8), pages 1553-1575, November.
    6. Rudebusch, Glenn D, 1998. "Do Measures of Monetary Policy in a VAR Make Sense? A Reply," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(4), pages 943-948, November.
    7. William Poole & Robert Rasche, 2000. "Perfecting the Market's Knowledge of Monetary Policy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(2), pages 255-298, December.
    8. Monika Piazzesi, 2002. "The Fed and Interest Rates - A High-Frequency Identification," American Economic Review, American Economic Association, vol. 92(2), pages 90-95, May.
    9. Rudebusch, Glenn D, 1998. "Do Measures of Monetary Policy in a VAR Make Sense?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(4), pages 907-931, November.
    10. Brunner, Allan D, 2000. "On the Derivation of Monetary Policy Shocks: Should We Throw the VAR Out with the Bath Water?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(2), pages 254-279, May.
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    Cited by:

    1. Murat G. Kýrdar & Meltem Dayýoglu Tayfur & Ýsmet Koç, 2010. "The Effect of Compulsory Schooling Laws on Teenage Marriage and Births in Turkey," Koç University-TUSIAD Economic Research Forum Working Papers 1035, Koc University-TUSIAD Economic Research Forum.
    2. Murat G. Kýrdar & Meltem Dayýoðlu & Ýsmet Koç, 2016. "The Effects of Compulsory Schooling Laws on Teenage Marriage and Births in Turkey," Working Papers 2016/01, Bogazici University, Department of Economics.
    3. repec:wsi:medjxx:v:01:y:2009:i:02:n:s1793812009000085 is not listed on IDEAS
    4. Djavad Salehi-Isfahani & Insan Tunali & Ragui Assaad, 2009. "A Comparative Study Of Returns To Education Of Urban Men In Egypt, Iran, And Turkey," Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 145-187.
    5. Murat G. Kırdar & Meltem Dayıoğlu & İsmet Koç, 2016. "Does Longer Compulsory Education Equalize Schooling by Gender and Rural/Urban Residence?," World Bank Economic Review, World Bank Group, vol. 30(3), pages 549-579.

    More about this item


    Human Capital Model; Sorting Model; Compulsory Attendance Law; Enrollment Rates;

    JEL classification:

    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity


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