Educational Expansion and its Heterogeneous Returns for Wage Workers


Gebel, Michael ; Pfeiffer, Friedhelm


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URL: https://ub-madoc.bib.uni-mannheim.de/1490
URN: urn:nbn:de:bsz:180-madoc-14909
Document Type: Working paper
Year of publication: 2007
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: J21 J24 J31 ,
Subject headings (SWD): Bildungsexpansion , Berufliche Fortbildung , Mehrwert , Deutschland <Westliche Länder>
Keywords (English): Educational expansion , correlated random coefficient model , heterogeneous returns to education , conditional mean independence
Abstract: The paper examines the evolution of returns to education in the West German labour market over the last two decades. During this period, graduates from the period of educational expansion in the sixties and seventies entered the labour market and an upgrading of the skill structure took place. In order to tackle the issues of endogeneity of schooling and its heterogeneous returns we apply two estimation methods: Wooldridge’s (2004) approach that relies on conditional mean independence and Garen’s (1984) control function approach that requires an exclusion restriction. For the population of workers from the GSOEP, we find that both approaches produce estimates of average returns to education that decrease until the late 1990s and increase significantly afterwards. In the observation period, the gender gap in returns to education seems to vanish. Furthermore, we find that the so called “baby boomer” cohort has the lowest average return to education in young ages. However, this effect disappears when they become older.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Gebel, Michael ; Pfeiffer, Friedhelm (2007) Educational Expansion and its Heterogeneous Returns for Wage Workers. Open Access [Working paper]
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