Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/171031 
Year of Publication: 
2017
Series/Report no.: 
IZA Discussion Papers No. 11047
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non-market outcomes including incarceration, mental health, voter participation, trust, and participation in welfare. We find distinct patterns of returns that depend on the levels of schooling and ability. Unlike the monetary benefits of education, the benefits to education for many non-market outcomes are greater for low-ability persons. College graduation decreases welfare use, lowers depression, and raises self-esteem more for less-able individuals.
Subjects: 
education and inequality
returns to education
government policy
health and inequality
household behavior and family economics
JEL: 
I24
I26
I28
I14
D1
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.