Returns to Schooling, Implicit Discount Rates and Black-White Wage Differentials
Bibliographic Data
| ID | 19317757 |
|---|---|
| Authors | Kevin Lang (0000-0002-8497-1706), Paul A Ruud |
| Year | 1986 |
| Volume | 68 |
| Issue | 1 |
| Pages | 41 |
| Publication date | 1986-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/1924926 |
| OpenAlex | W2079623616 |
| Language | EN |
| Citations received | 12 |
| References cited | 2 |
A simple econometric model of investment in schooling is developed and estimated. The measure of individual discount rates implicit in their educational investment decisions suggests no difference between individuals from different socioeconomic backgrounds. Differences in individual speeds of educational attainment, which do vary with background, explain most of the variation in levels of attainment that is attributable to family background
Economics · Labour economics · Wage · White (mutation) · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics · Labor market dynamics and wage inequality
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Ben-Porath Meets Lazear
| Unique citing works | 12 |
|---|---|
| Citations per year | 0.3 |
| Citation span | 1986 - 2024 (39) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 11 |