NDLI: How much does education matter and why

Content Provider	Semantic Scholar
Author	Velden, Rolf Van Der Wolbers, Maarten H. J.
Copyright Year	2004
Abstract	This article explores the total (measured and unmeasured) effect of education on different socio-economic outcomes. The analysis shows that the usual regression models typically underestimate the effects of education. The effects of education are decomposed into three sources of variation: courses of study, schools and student composition. Schools do not seem to have a large impact. A significant part of the effect of education stems from differential selection of students into courses of study. However, there is a notable difference between social and economic rewards. Apart from level of education, selectivity and specificity of the course of study turn out to affect the labor market outcomes
File Format	PDF HTM / HTML
Alternate Webpage(s)	https://cris.maastrichtuniversity.nl/portal/files/969328/content
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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