G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w3804
来源IDWorking Paper 3804
The Nonequivalence of High School Equivalents
Stephen V. Cameron; James J. Heckman
发表日期1991-08-01
出版年1991
语种英语
摘要This paper analyzes the causes and consequences of the growing proportion of high-school-certified persons who achieve that status by exam certification rather than through high school graduation. Exam-certified high school equivalents are statistically indistinguishable from high school dropouts. Both dropouts and exam-certified equivalents have comparably poor wages, earnings, hours of work, unemployment experiences and job tenure. This is so whether or not ability measures are used to control for differences. Whatever differences are found among exam-certified equivalents, high school dropouts and high school graduates are accounted for by their years of schooling completed. There is no cheap substitute for schooling. The only payoff to exam certification arises from its value in opening post-secondary schooling and training opportunities. However, exam-certified equivalents receive lower returns to most forms of post-secondary education and training. We also discuss the political economy of the recent rapid growth of exam certification. There has been growth in direct government subsidies to adult basic education programs that feature exam certification as an output. In addition, there has been growth in government subsidies to post-secondary schooling programs that require certification in order to qualify for benefits. These sources account for the rapid growth in the use of exam certification in the face of the low economic returns to it.
URLhttps://www.nber.org/papers/w3804
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/561130
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GB/T 7714
Stephen V. Cameron,James J. Heckman. The Nonequivalence of High School Equivalents. 1991.
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