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Can education compensate for low ability? Evidence from British data
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Denny, Kevin and O'Sullivan, Vincent (2007) Can education compensate for low ability? Evidence from British data. Applied Economics Letters, Vol.14 (No.7-9). pp. 657-660. doi:10.1080/13504850500461639 ISSN 1350-4851.
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Official URL: http://dx.doi.org/10.1080/13504850500461639
Abstract
This article investigates whether the returns to education vary with the level of cognitive ability. Unlike much of the literature, this article finds that the return to schooling is lower for those with higher cognitive ability indicating that education can act as a substitute for observed ability. Using quantile regressions we also find that, again unlike most of the literature, returns are higher at lower quintiles of the conditional earnings distribution. This suggests that education is also a substitute for unobserved ability. The policy implications are that increasing education in general and particularly for those with lower ability should reduce income inequality.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Journal or Publication Title: | Applied Economics Letters | ||||
Publisher: | Routledge | ||||
ISSN: | 1350-4851 | ||||
Official Date: | June 2007 | ||||
Dates: |
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Volume: | Vol.14 | ||||
Number: | No.7-9 | ||||
Number of Pages: | 4 | ||||
Page Range: | pp. 657-660 | ||||
DOI: | 10.1080/13504850500461639 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
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