Books are forever. Early life conditions, education and lifetime earnings in Europe.

Autor/inn/en	Brunello, Giorgio; Weber, Guglielmo; Weiss, Christoph T.
Titel	Books are forever. Early life conditions, education and lifetime earnings in Europe.
Quelle	Osaka: Inst. of Social and Economic Research (2012), 46 S., 287,38 KB PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	Discussion paper / Institute of Social and Economic Research. 842
Beigaben	grafische Darstellungen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Bildungschance; Kognition; Sozialisation; Bildungsertrag; Ländlicher Raum; Erwerbsverlauf; Arbeitspapier; Europa
Abstract	We estimate the effect of education on lifetime income in Europe, by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals who had access to many or few books at age ten. We instrument years of education using reforms of compulsory education in nine different countries, and find that individuals in rural areas were most affected by the reforms. Among those affected, individuals with many books at home at age ten enjoyed substantially higher returns to their additional education. We argue that the long - lasting beneficial effects of having books at home are due to the cultural environment in the household and the development of cognitive skills rather than to the presence of short - term liquidity constraints.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2012/3