Accounting for Uncertain Educational Outcomes in Estimating the Return to Education. Technical Paper No. 15.

Autor/in	Altonji, Joseph G.
Institution	National Center on Education and Employment, New York, NY.; Rand Corp., Santa Monica, CA.
Titel	Accounting for Uncertain Educational Outcomes in Estimating the Return to Education. Technical Paper No. 15.
Quelle	(1990), (16 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Blacks; College Outcomes Assessment; College Role; Educational Economics; Family Characteristics; High School Graduates; High Schools; Higher Education; Income; Models; Racial Factors; Salaries; Sex Differences; Socioeconomic Status; Wages; National Longitudinal Study of the High School Class of 1972 + Suchen Sie Ihr Suchwort? Black person; Schwarzer; Bildungsökonomie; High school; High schools; Graduate; Graduates; Oberschule; Absolvent; Absolventin; Hochschulbildung; Hochschulsystem; Hochschulwesen; Einkommen; Analogiemodell; Entlohnung; Gehalt; Sex difference; Geschlechtsunterschied; Socio-economic status; Sozioökonomischer Status; Wage; Löhne
Abstract	A prototype model was developed to estimate the effect of various variables on the internal rate of return to starting college. The model arose out of observations that there is a nonlinear relationship between education and earnings, that many students who begin college never finish, that there are large differences across fields of specialization in the earnings differential between college and high school graduates, and that many high school and family background characteristics appear to affect earnings. The model was then applied to data from the National Longitudinal Survey of the High School Class of 1972. Results found that black males have a lower rate of return on one year of college than white males (5.4 percent versus 5.9 percent) which appears, however, to be due not to race but to other characteristics. Females also had a lower rate of return than men. It was noted that none of these differences are explained by differences in the observed characteristics of males and females. Other research using this model has shown a higher return on college attendance for women over men. It is suggested that further research and refinement of the model is necessary before strong conclusions can be developed. The study includes one table displaying results and nine references. (JB)
Anmerkungen	National Center on Education and Employment, Box 174, Teachers College, Columbia University, New York, NY 10027.
Erfasst von	ERIC (Education Resources Information Center), Washington, DC