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References for Estimating the return to schooling using the Mincer equation
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Further reading
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Key references
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Psacharopoulos, G., and H.A. Patrinos. “Returns to investment in education: a decennial review of the global literature.” Education Economics 26:5 (2018): 445-458. Key reference: [1]
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Montenegro, C.E., and H. A. Patrinos. “A data set of comparable estimates of the private rate of return to schooling in the world, 1970-2014.” International Journal of Manpower 44:6 (2023): 1248-1268. Key reference: [2]
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Oreopoulos, P. and U. Petronijevic. “Making College Worth It: A Review of the Returns to Higher Education.” The Future of Children 23:1 (2013): 41-65. Key reference: [3]
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Lemieux, T. “The ‘Mincer equation’ thirty years after Schooling, Experience, and Earnings.” In: Grossbard, S. (ed.). Jacob Mincer: A Pioneer of Modern Labor Economics. New York: Springer, 2006; pp. 127−145. Key reference: [4]
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Chiswick, B. R. “Jacob Mincer, experience and the distribution of earnings.” In: Grossbard, S. (ed.). Jacob Mincer: A Pioneer of Modern Labor Economics. New York: Springer, 2006; pp. 109−126. Key reference: [5]
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Card, D. “The causal effect of education on earnings.” In: Ashenfelter, O., and D. Card. (eds.) Handbook of Labor Economics 3A. Amsterdam: Elsevier, 1999; pp. 1801−1863. Key reference: [6]
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Polachek, S. W. “Earnings over the life cycle: The Mincer earnings function and its applications.” Foundations and Trends in Microeconomics 4:3 (2008): 165−272. Key reference: [7]
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Clark, D., and P. Martorell. “The signaling value of a high school diploma.” Journal of Political Economy 122:2 (2014): 282−318. Key reference: [8]
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Arteaga, C. "The effect of human capital on earnings: Evidence from a reform at Colombia's top university." Journal of Public Economics 157 (2018): 212-225. Key reference: [9]
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Card, D. “Estimating the return to schooling: Progress on some persistent econometric problems.” Econometrica 69:5 (2001): 1127−1160. Key reference: [10]
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Heckman, J. J., L. J. Lochner, and P. E. Todd. “Earnings functions, rates of return and treatment effects: The Mincer equation and beyond.” In: Hanushek, E., and F. Welch (eds) Handbook of the Economics of Education Volume 1. Amsterdam: Elsevier, 2006; pp. 307−458. Key reference: [11]
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Avery, C., Turner, S. “Student loans: Do college students borrow too much - Or not enough?” Journal of Economic Perspectives 26:1 (2012): 165−192. Key reference: [12]
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Chapman, B. “Income contingent loans for higher education: International reforms.” In: Hanushek, E., Welch,F. (eds.) Handbook of the Economics of Education Volume 2. Amsterdam: Elsevier, 2006. Key reference: [13]
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Psacharopoulos, G., and H.A. Patrinos. “Returns to investment in education: a decennial review of the global literature.” Education Economics 26:5 (2018): 445-458.
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Additional References
- Angrist, J. D., and A. B. Krueger. "Does compulsory school attendance affect schooling and earnings?." Quarterly Journal of Economics 106:4 (1991): 979−1014.
- Arrow, K. J. "Higher education as a filter." Journal of Public Economics 2:3 (1973): 193−216.
- Ashenfelter, O., and A. Krueger. "Estimates of the economic return to schooling from a new sample of twins." American Economic Review 84:5 (1994): 1157−1173.
- Ashenfelter, O., and C. Rouse. "Income, schooling, and ability: Evidence from a new sample of identical twins." Quarterly Journal of Economics 113:1 (1998): 253−284.
- Banerjee, A. V., and E. Duflo. "Growth theory through the lens of development economics." In: Aghion, P., Durlauf, S. (eds). Handbook of Economic Growth 1A. Amsterdam: Elsevier, 2005.
- Becker, G. S. "Investment in human capital: A theoretical analysis." Journal of Political Economy 70:5 (1962): 9−49.
- Becker, G. S. Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education. New York: National Bureau of Economic Research, 1964.
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Becker, G. S. Human Capital and the Personal Distribution of Income. Ann Arbor: University of Michigan, 1967.
- Becker, G. S., and B. R. Chiswick. "Education and the distribution of earnings." American Economic Review 56:2 (1966): 358−369.
- Ben-Porath, Y. "The production of human capital and the life cycle of earnings." Journal of Political Economy 75:4 (1967): 352−365.
- Bravo, D., S. Mukhopadhyay, and P. E. Todd. "Effects of school reform on education and labor market performance: Evidence from Chile’s universal voucher system." Quantitative Economics 1:1 (2010): 47−95.
- Brown, S., and J. G. Sessions. "Signalling and screening" In: Johnes, G., Johnes, J. (eds). International Handbook on the Economics of Education. Cheltenham: Edward Elgar, 2004.
- Cameron, S. V., and C. Taber. "Estimation of educational borrowing constraints using returns to schooling." Journal of Political Economy 112:1 (2004): 132−182.
- Carnoy, M. (ed). International Encyclopedia of Economics of Education. Oxford: Pergamon, 1995.
- Chevalier, A., C. Harmon, I. Walker, and Y. Zhu. "Does education raise productivity, or just reflect it?" Economic Journal 114:499 (2004): F499−F517.
- Chevalier, A., C. Harmon, I. Walker, and Y. Zhu. "Does education raise productivity, or just reflect it?" Economic Journal 114:499 (2004): F499−F517.
- Colclough, C., G. Kingdon, and H. Patrinos. "The changing pattern of wage returns to education and its implications." Development Policy Review 28:6 (2010): 733−747.
- Deming, D. J. “Four facts about human capital.” Journal of Economic Perspectives 36:3 (2022): 75-102.
- Devereux, P. J., and R. A. Hart. "Forced to be rich? Returns to compulsory schooling in Britain." Economic Journal 120:549 (2010): 1345−1364.
- Dougherty, C. "Why are the returns to schooling higher for women than for men?" Journal of Human Resources 40:4 (2005): 969−988.
- Duflo, E. "Schooling and labor market consequences of school construction in Indonesia: Evidence from an unusual policy experiment" American Economic Review 91:4 (2001): 795−813.
- Freeman, R. B. "Demand for education." In: Ashenfelter, O., Layard, R. (eds). Handbook of Labor Economics 1. Amsterdam: North-Holland, 1987.
- Friedman, M., and S. Kuznets. Income from Independent Professions. New York: National Bureau of Economic Research, 1945.
- Gunderson, M., and P. Oreopoulos. “Returns to Education in Developed Countries.” In: Bradley, S., and C. Green (eds.) The Economics of Education 2nd edition. London, UK: Academic Press, 2020.
- Harmon, C., H. Oosterbeek, and I. Walker. "The returns to education: Microeconomics." Journal of Economic Surveys 17:2 (2003): 115−156.
- Heckman, J., and S. Polachek. "Empirical evidence on the functional form of the earnings-schooling relationship." Journal of the American Statistical Association 69:346 (1974): 350−354.
- Heckman, J. J., L. J. Lochner, and P. E. Todd. Fifty Years of Mincer Earnings Regressions NBER Working Paper No.9732, 2003.
- Henderson, D. J., S.W. Polachek, and L. Wang. "Heterogeneity in schooling rates of return." Economics of Education Review 30:6 (2011): 1202−1214.
- Hungerford, T., and G. Solon. "Sheepskin effects in the returns to education." Review of Economics and Statistics 69:1 (1987): 175−177.
- Kugler, A., M. Kugler, J. Saavedra, and L. O. H. Prada. Long-term Direct and Spillover Effects of Job Training: Experimental Evidence from Colombia. NBER Working Paper No.21607, 2015.
- Lang, K., and D. Kropp. "Human capital versus sorting: The effects of compulsory attendance laws." Quarterly Journal of Economics 101:3 (1986): 609−624.
- Layard, R., and G. Psacharopoulos. "The screening hypothesis and the returns to education." Journal of Political Economy 82:5 (1974): 985−998.
- Mincer, J. A. Study of Personal Income Distribution, 1957.
- Mincer, J. "On-the-job training: Costs, returns, and some implications." Journal of Political Economy 70:5 (1962): 50−79.
- Murphy, K. M., and F. Welch. "The structure of wages." Quarterly Journal of Economics 107:1 (1992): 285−326.
- Oreopoulos, P. "Estimating average and local average treatment effects of education when compulsory schooling laws really matter." American Economic Review 96:1 (2006): 152−175.
- Patrinos, H. "Non-linearities in the returns to education: Sheepskin effects or threshold levels of human capital?" Applied Economics Letters 3:3 (1996): 171−173.
- Patrinos, H. A., and C. Sakellariou. "Quality of schooling, returns to schooling and the 1981 vouchers reform in Chile." World Development 39:12 (2011): 2245−2256.
- Peet, E. D., G. Fink, and W. Fawzi. "Returns to education in developing countries: Evidence from the living standards and measurement study surveys." Economics of Education Review 49 (2015): 69−90.
- Psacharopoulos, G. "Rates of return on investment in education around the world." Comparative Education 16:1 (1972): 54−67.
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Psacharopoulos, G. Returns to Education: An International Comparison. San Francisco: Jossey-Bass, 1973.
- Psacharopoulos, G. "On the weak versus the strong version of the screening hypothesis." Economics Letters 4:2 (1979): 181−185.
- Psacharopoulos, G. "Returns to education: An updated international comparison." Comparative Education 17:3 (1981): 321−341.
- Psacharopoulos, G. "Returns to education: A further international update and implications." Journal of Human Resources 20:4 (1985): 583−604.
- Psacharopoulos, G. "Returns to investment in education: A global update." World Development 22:9 (1994): 1325−1343.
- Psacharopoulos, G., and H. A. Patrinos. "Returns to investment in education: A further update." Education Economics 12:2 (2004): 111−134.
- Riley, J. G. "Testing the educational screening hypothesis." Journal of Political Economy 87:5 (1979): 227−252.
- Rosen, S. "Distinguished fellow: Mincering labor economics." Journal of Economic Perspectives 6:2 (1992): 157−170.
- Rosenzweig, M. R. “Why are there returns to schooling?” American Economic Review 85:2 (1995): 153−158.
- Schultz, T. W. "Investment in human capital." American Economic Review 51:1 (1961): 1−17.
- Schultz, T. W. The Economic Value of Education. New York: Columbia University Press, 1963.
- Smith, A. The Wealth of Nations. London: Methuen, 1904.
- Stiglitz, J. E. "The theory of 'screening,' education, and the distribution of income." American Economic Review 65:3 (1975): 283−300.
- Trostel, P., I. Walker, and P. Woolley. "Estimates of the economic return to schooling for 28 countries." Labour Economics 9:1 (2002): 1−16.
- Welch, F. "Black-white differences in returns to schooling." American Economic Review 63:5 (1973): 893−907.