Returns to Education and Individual Heterogeneity

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URL:	http://ub-madoc.bib.uni-mannheim.de/349
URN:	urn:nbn:de:bsz:180-madoc-3493
Document Type:	Working paper
Year of publication:	2004
The title of a journal, publication series:	None
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
Subject headings (SWD):	Deutschland <Bundesrepublik> , Humankapital , Arbeitslosigkeit , Berufliche Fortbildung
Abstract:	In this paper, human capital investments are evaluated by assuming heterogeneous returns to education. We use the potential outcome approach to measure the causal effect of human capital investments on earnings as a continuous treatment effect. Empirical evidence is based on a sample of West German full-time employed males from the ”BIBB/IAB-Strukturerhebung 1998/99.” Our estimate of the average treatment effect of an additional year of schooling (ATE) amounts to 8.7%, which is quite similar to conventional instrumental variable estimates.
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BASE: Maier, Michael ; Pfeiffer, Friedhelm ; Pohlmeier, Winfried

Google Scholar: Maier, Michael ; Pfeiffer, Friedhelm ; Pohlmeier, Winfried

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