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Essays in Economics of Education

Author

Listed:
  • Uusitalo, R.

Abstract

Education as a way of increasing human capital is considered to be a basic factor of the growth process of the aggregate economy. The returns to investment into human capital are thus an important issue to analyze. In his PH.D thesis Mr Roope Uusitalo studies the effects of education on earnings in Finland. Using a unique individual level data set for men that also includes ability measures and information on family background and appropriate estimation techniques Uusitalo presents new estimates for the return of education in Finland, which are much higher than suggested by earlier studies. Uusitalo also takes a broader issue by trying to explain changes in earnings distribution. He arguments a well-known single-index model of skills with the supply of skills and is able to account for a substantial portion of change in earnings inequality between groups over the 1980s by changes in the supply of skills.

Suggested Citation

  • Uusitalo, R., 1999. "Essays in Economics of Education," University of Helsinki, Department of Economics 79, Department of Economics.
    • Handle: RePEc:fth:helsec:79
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    Citations

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    Cited by:

    1. Peter Ebbes & Ulf Böckenholt & Michel Wedel, 2004. "Regressor and random‐effects dependencies in multilevel models," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 58(2), pages 161-178, May.
    2. Warunsiri, Sasiwimon & McNown, Robert, 2010. "The Returns to Education in Thailand: A Pseudo-Panel Approach," World Development, Elsevier, vol. 38(11), pages 1616-1625, November.
    3. Peter Ebbes & Michel Wedel & Ulf Böckenholt & Ton Steerneman, 2005. "Solving and Testing for Regressor-Error (in)Dependence When no Instrumental Variables are Available: With New Evidence for the Effect of Education on Income," Quantitative Marketing and Economics (QME), Springer, vol. 3(4), pages 365-392, December.
    4. Anu Tokila & Hannu Tervo, 2011. "Regional differences in returns to education for entrepreneurs versus wage earners," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 47(3), pages 689-710, December.

    More about this item

    Keywords

    EDUCATION ; HUMAN CAPITAL ; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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