Policies, skills and earnings
How Educational Inequality Affects Earnings Inequality
Bibliographic Data
| ID | 4237622 |
|---|---|
| Authors | Daniele Checchi (0000-0001-7466-8562, University of Milan), Herman G Van De Werfhorst (0000-0003-2323-3782, University of Amsterdam, corresponding author) |
| Year | 2018 |
| Volume | 16 |
| Issue | 1 |
| Pages | 137-160 |
| Publication date | 2018-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Socio-Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| DOI | 10.1093/ser/mwx008 |
| OpenAlex | W2589519267 |
| Language | EN |
| Citations received | 20 |
| References cited | 39 |
We study the impact of dispersions in education (both in student test scores and final educational attainment) on earnings inequality, in a country-cohort design. Neo-classical economic theory would predict a positive association between skill inequality (as measured in student test scores) and earnings inequality, while educational attainment inequality adds little on top of skills inequality. A sociological theory of social closure, however, argues that inequality in educational attainment is more important than skills inequality in the prediction of earnings inequality. Using educational policies as instruments, we find causal effects of skills inequality and educational attainment inequality, suggesting that a simple human capital model is insufficient to explain rising earnings inequalities. Nevertheless, skills inequality appeared a more important predictor of earnings inequality than educational attainment inequality. Some educational policy reforms (like public preschool provision or introducing standardized tests) led to reduced educational dispersions, and thereby reduced earnings inequality in adulthood
Demographic economics · Earnings · Economic growth · Economic inequality · Economics · Educational attainment · Educational inequality · Human capital · Income inequality metrics · Inequality · Labour economics · Social inequality · Income, Poverty, and Inequality · Intergenerational and Educational Inequality Studies · Labor market dynamics and wage inequality · Accounting
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| Unique citing works | 20 |
|---|---|
| Citations per year | 2,86 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 20 |