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The Distribution of Lifetime Earnings Returns to College
Uppsala University, Units outside the University, Office of Labour Market Policy Evaluation. Stockholm Univ, Swedish Inst Social Res SOFI, Stockholm, Sweden.
2017 (English)In: Journal Labor Economics, ISSN 0734-306X, E-ISSN 1537-5307, Vol. 35, no 4, 903-952 p.Article in journal (Refereed) Published
Abstract [en]

I use Swedish registry data to estimate lifetime earnings returns to college and how they vary with observed and unobserved characteristics. The richness of the data also allows me to examine heterogeneity with respect to cognitive and noncognitive ability and parental earnings. Local instrumental variable analysis is used to recover marginal and average treatment effects under selection on gains. The findings support the notion of self-selection, but mainly on observed characteristics. Returns vary little with parental earnings but substantially with respect to both cognitive and noncognitive ability, thus suggesting important complementarities between formal schooling and informal skills.

Place, publisher, year, edition, pages
UNIV CHICAGO PRESS , 2017. Vol. 35, no 4, 903-952 p.
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:uu:diva-335126DOI: 10.1086/692475ISI: 000410689200001OAI: oai:DiVA.org:uu-335126DiVA: diva2:1161688
Funder
Forte, Swedish Research Council for Health, Working Life and WelfareThe Jan Wallander and Tom Hedelius Foundation
Available from: 2017-11-30 Created: 2017-11-30 Last updated: 2017-11-30Bibliographically approved

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Nybom, Martin

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