| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w0049
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| 来源ID | Working Paper 0049
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| Years and Intensity of Schooling Investing |
| Arleen Leibowitz
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| 发表日期 | 1974-08-01
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| 出版年 | 1974
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| 语种 | 英语
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| 摘要 | An essential feature of schooling is not only that it occurs in a different site than most on-the-job training but also that it is more intensive. That is, a smaller proportion of gross potential earnings is sacrificed in on-the-job training than in schooling. In estimating human capital earnings functions it has generally been assumed that during schooling 100% of gross potential earnings are invested in all years, while in on-the-job training this percentage is smaller and is a declining function of age. This assumption has been quite useful since it allows the identification of an estimate of the rate of return on schooling from a regression of earnings on years of schooling. This paper argues that the percentage of gross earnings invested may fall below 100% well before schooling is ended, that this percentage is likely to be correlated with years of schooling, and thus this procedure yields only a biased estimate of the rate of return to schooling. |
| URL | https://www.nber.org/papers/w0049
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557246
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推荐引用方式
GB/T 7714 |
Arleen Leibowitz. Years and Intensity of Schooling Investing. 1974.
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文件名：
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w0049.pdf
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格式：
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Adobe PDF
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