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Title: The Non-Market Benefits of Education and Ability
Resulting in 1 citation.
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Heckman, James J. Humphries, John Eric Veramendi, Gregory |
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The Non-Market Benefits of Education and Ability NBER Working Paper No. 23896, National Bureau of Economic Research, October 2017. Also: http://www.nber.org/papers/w23896 Cohort(s): NLSY79 Publisher: National Bureau of Economic Research (NBER) Keyword(s): Cognitive Ability; Depression (see also CESD); Educational Returns; Incarceration/Jail; Self-Esteem; Trust; Voting Behavior; Welfare This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non-market outcomes including incarceration, mental health, voter participation, trust, and participation in welfare. We find distinct patterns of returns that depend on the levels of schooling and ability. Unlike the monetary benefits of education, the benefits to education for many non-market outcomes are greater for low-ability persons. College graduation decreases welfare use, lowers depression, and raises self-esteem more for less-able individuals. |
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Bibliography Citation
Heckman, James J., John Eric Humphries and Gregory Veramendi. "The Non-Market Benefits of Education and Ability." NBER Working Paper No. 23896, National Bureau of Economic Research, October 2017. |