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Autor/inn/enOreopoulos, Philip; Salvanes, Kjell G.
InstitutionNational Bureau of Economic Research
TitelHow Large Are Returns to Schooling? Hint: Money Isn't Everything. NBER Working Paper No. 15339
Quelle(2009)
PDF als Volltext Verfügbarkeit 
Spracheenglisch
Dokumenttypgedruckt; online; Monographie
SchlagwörterDropouts; Interpersonal Relationship; Interaction; Decision Making Skills; Family Financial Resources; Outcomes of Education; Well Being
AbstractThis paper explores the many avenues by which schooling affects lifetime well-being. Experiences and skills acquired in school reverberate throughout life, not just through higher earnings. Schooling also affects the degree one enjoys work and the likelihood of being unemployed. It leads individuals to make better decisions about health, marriage, and parenting. It also improves patience, making individuals more goal-oriented and less likely to engage in risky behavior. Schooling improves trust and social interaction, and may offer substantial consumption value to some students. We discuss various mechanisms to explain how these relationships may occur independent of wealth effects, and present evidence that non-pecuniary returns to schooling are at least as large as pecuniary ones. Ironically, one explanation why some early school leavers miss out on these high returns is that they lack the very same decision making skills that more schooling would help improve. (As Provided).
AnmerkungenNational Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org/cgi-bin/get_bars.pl?bar=pub
Erfasst vonERIC (Education Resources Information Center), Washington, DC
Update2017/4/10
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