A human capital model of the effects of abilities and family background on optimal schooling levels.

Autor/inn/en	Regan, Tracy L.; Burghardt, Galen; Oaxaca, Ronald L.
Titel	A human capital model of the effects of abilities and family background on optimal schooling levels.
Quelle	Bonn: IZA (2006), 34, [8] S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2); PDF als Volltext kostenfreie Datei (3) Link als defekt meldenVerfügbarkeit
Reihe	Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit. 1927
Beigaben	grafische Darstellungen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Bildung; Bildungsverhalten; Bildungschance; Soziale Herkunft; Sozialisation; Familie; Schule; Schulleitung; Bildungsabschluss; Schulerfolg; Schulversagen; Begabung; Lohn; Arbeitspapier; USA
Abstract	"This paper develops a theoretical model of optimal schooling levels where ability and family background are the central explanatory variables. The authors derive schooling demand and supply functions based on individual wealth maximization. Using NLSY79 data they stratify our sample into one-year 'FTE' work experience cohorts for 1985-1989. Mincer's (1974) 'overtaking' cohort (the years of work experience at which individuals' observed earnings approximately equal what they would have been based on schooling and ability alone) corresponds to 13 FTE years of work experience yielding on average a rate of return of 9.6 percent and an average (optimal) 11.4 years of schooling." (author's abstract).
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2006/3