| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w22734
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| 来源ID | Working Paper 22734
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| Money or Grit? Determinants of MisMatch |
| Russell Cooper
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| 发表日期 | 2016-10-17
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| 出版年 | 2016
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| 语种 | 英语
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| 摘要 | This paper studies the determinants of mismatch in educational attainment. Mismatch arises when high ability individuals do not obtain a college degree and/or low ability individuals do. Using data from the NLSY97 survey, the paper estimates a structural model of education choice that matches the moments of mismatch, college attainment and labor market outcomes. The analysis conditions on gender, race and socio-economic status. Ignoring the role of parents, mismatch is explained by differences in tastes for education and the presence of occasionally binding borrowing constraints. But parents matter. This channel operates through both the attitudes and ability of offspring. Once these links between parents and children are taken into account, the influence of borrowing constraints disappears. Mismatch reflects variations in tastes as well as noise in test scores, the underlying measure of ability. The paper also presents a decomposition of the college wage premium into the returns to schooling and the selection into higher education. The analysis highlights the power of selection into higher education as an explanation of the college wage premium by gender, race and socio-economic status. |
| 主题 | Macroeconomics
; Consumption and Investment
; Health, Education, and Welfare
; Education
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| URL | https://www.nber.org/papers/w22734
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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/580408
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推荐引用方式
GB/T 7714 |
Russell Cooper. Money or Grit? Determinants of MisMatch. 2016.
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文件名：
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w22734.pdf
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格式：
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Adobe PDF
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