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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20209| Title: | Structural estimates of the intergenerational education correlation |
| Keywords: | J3 J2 ddc:330 intergenerational education correlation endogenous schooling household characteristics dynamic programming Bildungsniveau Bildungsökonomik Soziale Mobilität Generationenbeziehungen Familiensoziologie Dynamische Optimierung Schätzung Vereinigte Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | Using a structural dynamic programming model, we investigate the relative importance of family background variables and individual specific abilities in explaining cross-sectional differences in schooling attainments and wages. Given scholastic ability, household background variables (especially parents' education) account for 68% of the explained crosssectional variations in schooling attainments. When the effects of household background variables on ability are also taken into account, the percentage raises to 85%. However, individual differences in wages are mostly explained by abilities. Only 27% of the explained variation in wages is accounted for by parents? background variables as opposed to 73% by unobserved abilities (orthogonal to family background variables). When scholastic ability is correlated with family background variables, ability endowments explain as much as 81% of individual wages. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20209 |
| Other Identifiers: | http://hdl.handle.net/10419/20209 ppn:37748041X |
| Appears in Collections: | EconStor |
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