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dc.contributor.authorCarneiro, Pedroen_US
dc.contributor.authorHeckman, Jamesen_US
dc.contributor.authorVytlacil, Edwarden_US
dc.date.accessioned2010-11-04en_US
dc.date.accessioned2012-10-16T13:12:06Z-
dc.date.available2012-10-16T13:12:06Z-
dc.date.issued2010en_US
dc.identifier.pidoi:10.1920/wp.cem.2010.2910en_US
dc.identifier.urihttp://hdl.handle.net/10419/64716-
dc.description.abstractThis paper estimates the marginal returns to college for individuals induced to enroll in college by different marginal policy changes. The recent instrumental variables literature seeks to estimate this parameter, but in general it does so only under strong assumptions that are tested and found wanting. We show how to utilize economic theory and local instrumental variables estimators to estimate the effect of marginal policy changes. Our empirical analysis shows that returns are higher for individuals more likely to attend college. We contrast the returns to well-defined marginal policy changes with IV estimates of the return to schooling. Some marginal policy changes inducing students into college produce very low returns.en_US
dc.language.isoengen_US
dc.publisherCentre for Microdata Methods and Practice (cemmap) Londonen_US
dc.relation.ispartofseriescemmap working paper CWP29/10en_US
dc.subject.jelJ31en_US
dc.subject.ddc330en_US
dc.subject.keywordReturns to Schoolingen_US
dc.subject.keywordMarginal Returnen_US
dc.subject.keywordAverage Returnen_US
dc.subject.keywordMarginal Treatment Effecten_US
dc.subject.stwBildungswesenen_US
dc.subject.stwBildungspolitiken_US
dc.subject.stwPolitische Reformen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwUSAen_US
dc.titleEstimating marginal returns to educationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn638495555en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:cemmap working papers, Centre for Microdata Methods and Practice, Institute for Fiscal Studies (IFS)

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