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The Effect of Price and Income on Investment in Schooling

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  • Yoram Weiss
  • Arden Hall
  • Fred Dong

Abstract

This paper investigates the impact of a negative income tax and a program of schooling subsidies on the demand for schooling of adult heads of families. A two-period model of labor supply is developed in which schooling is incorporated. An empirical version of the model is estimated using data from the first three years of the Seattle and Denver Income Maintenance Experiments. Strong effects of the schooling subsidies were found, but net effects of the negative income tax on schooling were not significant. The magnitude of the schooling subsidy effects implies a substantial positive social rate of return to schooling subsidies.

Suggested Citation

  • Yoram Weiss & Arden Hall & Fred Dong, 1980. "The Effect of Price and Income on Investment in Schooling," Journal of Human Resources, University of Wisconsin Press, vol. 15(4), pages 611-640.
    • Handle: RePEc:uwp:jhriss:v:15:y:1980:i:4:p:611-640
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    Cited by:

    1. Martin Wiegand, 2019. "Do early-ending conditional cash transfer programs crowd out school enrollment?," Tinbergen Institute Discussion Papers 19-053/V, Tinbergen Institute.
    2. Frank Stafford, 1985. "Income-Maintenance Policy and Work Effort: Learning from Experiments and Labor-Market Studies," NBER Chapters, in: Social Experimentation, pages 95-144, National Bureau of Economic Research, Inc.

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