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来源类型Working Paper
规范类型报告
DOI10.3386/w26407
来源IDWorking Paper 26407
The Return to Education in the Mid-20th Century: Evidence from Twins
James J. Feigenbaum; Hui Ren Tan
发表日期2019-10-28
出版年2019
语种英语
摘要What was the return to education in the United States at mid-century? In 1940, the correlation between years of schooling and earnings was relatively low, less than it had been in 1915 or than it would be in later decades. In this paper, we estimate the causal return to schooling in 1940, constructing a large linked sample of twin brothers to account for differences in unobserved ability and family background. Though imperfect, the twins identification strategy allows us to compare the return to education to recent studies implemented similarly. We find that the return to education was relatively low in 1940, with each additional year of schooling increasing labor earnings by approximately 4%. Returns to education were evident both within and across occupations and were higher for sons born to lower SES families.
主题Labor Economics ; Labor Compensation ; History ; Labor and Health History
URLhttps://www.nber.org/papers/w26407
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584081
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James J. Feigenbaum,Hui Ren Tan. The Return to Education in the Mid-20th Century: Evidence from Twins. 2019.
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