Publications
Detailed Information
Revisiting Returns to Education : 졸업정원제를 이용한 대학 교육 수익률의 재고찰
Using the College Enrollment Expansion Law of 1980
Cited 0 time in
Web of Science
Cited 0 time in Scopus
- Authors
- Advisor
- 이철인
- Major
- 경제학부
- Issue Date
- 2012-02
- Publisher
- 서울대학교 대학원
- Description
- 학위논문 (석사)-- 서울대학교 대학원 : 경제학부, 2012. 2. 이철인.
- Abstract
- This paper takes advantage of the college enrollment expansion law of 1980 that essentially raised educational attainment for a particular set of sample cohorts. This paper estimates the impact of the
quasi-experimental increase in college education on earnings by using the college enrollment expansion law as an instrument for education. This paper's approach shares a similar spirit with Angrist and Krueger (1991) but identification uses a much large-scale supply-side policy change in the face of chronic excess demand for
education that substantially raised educational attainment, i.e., a strong instrument. Estimates combined with non-parametric Kernel estimation results represent a local average treatment effect of education around the upper 17% of the applicants. This paper's
instrumental variables estimate of the return to education is a bit larger than ordinary least squares estimates and also larger than usual IV estimates reported in the literature, suggesting heterogeneous returns to education.
- Language
- eng
- URI
- https://hdl.handle.net/10371/154538
http://dcollection.snu.ac.kr/jsp/common/DcLoOrgPer.jsp?sItemId=000000002282
- Files in This Item:
- There are no files associated with this item.
- Appears in Collections:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.