UNSPECIFIED (2003) Dispersion in the economic return to schooling. In: 14th Annual Conference of the European-Association-of-Labour-Economists, UNIV PARIS, PARIS, FRANCE, SEP 19-22, 2002. Published in: LABOUR ECONOMICS, 10 (2). pp. 205-214.

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Abstract

We extend the standard human capital earnings function to include dispersion in the return to schooling by treating the return as a random coefficient (RC). If the rapid expansion in participation in higher education has been brought about by dipping further into the ability distribution, we should observe a rise in the variance of returns. Alternatively, if the expansion has come about through relaxing credit constraints then we might expect to see an increase in both the mean and variance of returns. Our estimates suggest that the variance in returns has not risen over time. (C) 2003 Elsevier Science B.V. All rights reserved.

Item Type:	Conference Item (UNSPECIFIED)
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	LABOUR ECONOMICS
Publisher:	ELSEVIER SCIENCE BV
ISSN:	0927-5371
Date:	April 2003
Volume:	10
Number:	2
Number of Pages:	10
Page Range:	pp. 205-214
Identification Number:	10.1016/S0927-5271(03)00003-4
Publication Status:	Published
Title of Event:	14th Annual Conference of the European-Association-of-Labour-Economists
Location of Event:	UNIV PARIS, PARIS, FRANCE
Date(s) of Event:	SEP 19-22, 2002
URI:	http://wrap.warwick.ac.uk/id/eprint/9829

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