Income, schooling, and ability: Evidence from a new sample of identical twins

被引：221

作者：

Ashenfelter, O ^{[1
]}

Rouse, C

机构：

[1] Princeton Univ, Princeton, NJ 08544 USA

[2] Natl Bur Econ Res, Cambridge, MA 02138 USA

来源：

QUARTERLY JOURNAL OF ECONOMICS | 1998年 / 113卷 / 01期

关键词：

D O I：

10.1162/003355398555577

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We develop a model of optimal schooling investments and estimate :it using new data on approximately 700 identical twins. We estimate an average return to schooling of 9 percent for identical twins, but estimated returns appear to be slightly higher for less able individuals. Simple cross-section estimates are marginally upward biased. These empirical results imply that abler individuals attain more schooling because they face lower marginal costs of school:mg, not because of higher marginal benefits.

引用

页码：253 / 284

页数：32

共 39 条

[1] The effects of family characteristics on the return to education [J].