Do peer Groups Matter? Peer Groups versus Schooling Effects on Academic Attainment
In this paper we estimate an educational production function. Educational attainment is a function of three types of inputs: peer group, parental and schooling. We find that conventional measures of school quality are not good predictors for academic attainment, once we control for peer group effects. Parental qualities also have strong effects on academic atainment. This academic attainment is then a key determinant of subsequent labour market success, as measured by earnings.
|Date of creation:||Nov 1996|
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- Betts, Julian R, 1995. "Does School Quality Matter? Evidence from the National Longitudinal Survey of Youth," The Review of Economics and Statistics, MIT Press, vol. 77(2), pages 231-250, May.
- Robertson, D. & Symons, J., 1988.
"The Occupational Choice Of British Children,"
325, London School of Economics - Centre for Labour Economics.
- Joseph G. Altonji & Thomas A. Dunn, 1995. "The Effects of School and Family Characteristics on the Return to Education," NBER Working Papers 5072, National Bureau of Economic Research, Inc.
- Donald Robertson & James Symons, 1996.
"Self-Selection in The State School System,"
CEP Discussion Papers
dp0312, Centre for Economic Performance, LSE.
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