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- W2133886136 abstract "Researchers often identify degree effects by including degree attainment (D) and years of schooling (S) in a wage model, yet the source of independent variation in these measures is not well understood. We argue that S is negatively correlated with ability among degree-holders because the most able graduate the fastest, but positively correlated among dropouts because the most able benefit from increased schooling. Using NLSY79 data, we find support for this argument; our findings also suggest that highest grade completed is the preferred measure of S for dropouts, while age at school exit is a more informative measure for degree-holders." @default.
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- W2133886136 date "2008-01-01" @default.
- W2133886136 modified "2023-10-02" @default.
- W2133886136 title "Interpreting Degree Effects in the Returns to Education" @default.
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- W2133886136 doi "https://doi.org/10.2139/ssrn.1399086" @default.
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