Titelaufnahme

Titel
Changes across cohorts in wage returns to schooling and early work experiences / Jared Ashworth (Pepperdine University), V. Joseph Hotz (Duke University, NBER and IZA), Arnaud Maurel (Duke University, NBER and IZA), Tyler Ransom (University of Oklahoma and IZA) ; IZA Institute of Labor Economics
VerfasserAshworth, Jared ; Hotz, Vincent Joseph ; Maurel, Arnaud ; Ransom, Tyler
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, December 2017
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (62 Seiten) : Diagramme
SerieDiscussion paper ; no. 11231
URLVolltext
URNurn:nbn:de:hbz:5:2-146215 
Zugänglichkeit
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Changes across cohorts in wage returns to schooling and early work experiences [0.48 mb]
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Verfügbarkeit In meiner Bibliothek
Zusammenfassung

This paper investigates the wage returns to schooling and actual early work experiences, and how these returns have changed over the past twenty years. Using the NLSY surveys, we develop and estimate a dynamic model of the joint schooling and work decisions that young men make in early adulthood, and quantify how they affect wages using a generalized Mincerian specification. Our results highlight the need to account for dynamic selection and changes in composition when analyzing changes in wage returns. In particular, we find that ignoring the selectivity of accumulated work experiences results in overstatement of the returns to education.

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