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Title: Returns to Human Capital and Explaining the Recent Decline of Married Women's Labor Supply: A Cohort Approach
Resulting in 1 citation.
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Park, Seonyoung |
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Returns to Human Capital and Explaining the Recent Decline of Married Women's Labor Supply: A Cohort Approach Ph.D. Dissertation, University of Minnesota, 2013 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Educational Attainment; Educational Returns; Human Capital; Wages Permission to reprint the abstract has not been received from the publisher. Essay Two focuses on how returns change as individuals increase human capital investment over the course of their work career. On the basis of those respondents in the National Longitudinal Survey of Youth (NLSY) who change jobs with an intervening period of education reinvestment, the conventional assumption of linearity of log wages in years of schooling is strongly rejected. The estimated marginal rate of return generally rises in the former education level, and reaches the maximum at 15 years of the former level (therefore 16 years of education after reinvestment), where an additional year of investment is associated with a rise in real hourly rate of pay by approximately 20 percent. The current cohort-based evidence is more helpful than existing evidence from cross-sectional data to individuals making schooling decisions. |
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Bibliography Citation
Park, Seonyoung. Returns to Human Capital and Explaining the Recent Decline of Married Women's Labor Supply: A Cohort Approach. Ph.D. Dissertation, University of Minnesota, 2013. |