Titelaufnahme

Titel
The non-market benefits of education and ability / James J. Heckman (University of Chicago, American Bar Foundation and IZA), John Eric Humphries (Yale University), Gregory Veramendi (Arizona State University) ; IZA Institute of Labor Economics
VerfasserHeckman, James J. In der Gemeinsamen Normdatei der DNB nachschlagen ; Humphries, John Eric In der Gemeinsamen Normdatei der DNB nachschlagen ; Veramendi, Gregory In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, September 2017
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (36 Seiten) : Diagramme
SerieDiscussion paper ; no. 11047
URNurn:nbn:de:hbz:5:2-139363 Persistent Identifier (URN)
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The non-market benefits of education and ability [1.85 mb]
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Zusammenfassung

This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non-market outcomes including incarceration, mental health, voter participation, trust, and participation in welfare. We find distinct patterns of returns that depend on the levels of schooling and ability. Unlike the monetary benefits of education, the benefits to education for many non-market outcomes are greater for low-ability persons. College graduation decreases welfare use, lowers depression, and raises self-esteem more for less-able individuals.