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Accounting for Heterogeneous Returns in Sequential Schooling Decisions

Author

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  • Zamarro, G.

    (Tilburg University, School of Economics and Management)

Abstract

This paper presents a method for estimating returns to multiple schooling levels taking into account that returns may be heterogeneous among agents and that educational decisions are made sequentially. A sequential decision model explicitly considers that the level of education is the result of previous schooling choices and so, the variation of supply-side instruments over time will emerge as a source of identification of the desired parameters. A test for heterogeneity in returns from sequential schooling decisions is developed and expressions for Marginal Treatment Effects are obtained in this context. Returns are estimated and tested from cross-sectional data from a Spanish household survey that contains rich family background information and useful instruments. This methodology is used to analyze possible effects of the 1970 reform of the Spanish education system.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Zamarro, G., 2006. "Accounting for Heterogeneous Returns in Sequential Schooling Decisions," Other publications TiSEM 9fd0641a-a631-4625-b8db-7, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:9fd0641a-a631-4625-b8db-7210c8381d85
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    Cited by:

    1. is not listed on IDEAS
    2. Zamarro, Gema, 2010. "Accounting for heterogeneous returns in sequential schooling decisions," Journal of Econometrics, Elsevier, vol. 156(2), pages 260-276, June.
    3. Belskaya, Olga & Peter, Klara Sabirianova & Posso, Christian, 2014. "College Expansion and the Marginal Returns to Education: Evidence from Russia," IZA Discussion Papers 8735, IZA Network @ LISER.
    4. David Martinez-Miera & Rafael Repullo, 2010. "Does Competition Reduce the Risk of Bank Failure?," The Review of Financial Studies, Society for Financial Studies, vol. 23(10), pages 3638-3664, October.
    5. Repullo, Rafael & Suarez, Javier, 2008. "The Procyclical Effects of Basel II," CEPR Discussion Papers 6862, C.E.P.R. Discussion Papers.
    6. Javier Diaz-Gimenez & Josep Pijoan-Mas, 2006. "Flat Tax Reforms in the U.S.: a Boon for the Income Poor," Computing in Economics and Finance 2006 400, Society for Computational Economics.
    7. Bernarda Zamora Talaya & Eduard Gracia, 2007. "Nature, nurture and market conditions: Ability and education in the policy evaluation approach," Working Papers. Serie AD 2007-29, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    8. Biewen, Martin & (neé Tapalaga), Madalina Thiele, 2020. "Early tracking, academic vs. vocational training, and the value of ‘second-chance’ options," Labour Economics, Elsevier, vol. 66(C).
    9. Joan Llull, 2008. "The Impact of Immigration on Productivity," Working Papers wp2008_0802, CEMFI.

    More about this item

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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