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dc.contributor.authorCarneiro, Pedroen
dc.contributor.authorHeckman, Jamesen
dc.contributor.authorVytlacil, Edwarden
dc.date.accessioned2010-11-04-
dc.date.accessioned2012-10-16T13:12:06Z-
dc.date.available2012-10-16T13:12:06Z-
dc.date.issued2010-
dc.identifier.pidoi:10.1920/wp.cem.2010.2910en
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
dc.language.isoengen
dc.publisher|aCentre for Microdata Methods and Practice (cemmap) |cLondonen
dc.relation.ispartofseries|acemmap working paper |xCWP29/10en
dc.subject.jelJ31en
dc.subject.ddc330en
dc.subject.keywordReturns to Schoolingen
dc.subject.keywordMarginal Returnen
dc.subject.keywordAverage Returnen
dc.subject.keywordMarginal Treatment Effecten
dc.subject.stwBildungswesenen
dc.subject.stwBildungspolitiken
dc.subject.stwPolitische Reformen
dc.subject.stwBildungsertragen
dc.subject.stwUSAen
dc.titleEstimating marginal returns to education-
dc.typeWorking Paperen
dc.identifier.ppn638495555en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:ifs:cemmap:29/10en

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