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Title: An Empirical Investigation of the Determinants of the Length of Full Time Schooling
Resulting in 1 citation.
1. Palmer, Steven K.
An Empirical Investigation of the Determinants of the Length of Full Time Schooling
Ph.D. Dissertation, North Carolina State University at Raleigh, 1975
Cohort(s): Young Men
Publisher: UMI - University Microfilms, Bell and Howell Information and Learning
Keyword(s): Educational Attainment; Family Background; I.Q.; Life Cycle Research; Socioeconomic Status (SES); Test Scores/Test theory/IRT

The objective of this research is an empirical investigation of the length of full-time formal schooling completed by individuals. The theoretical basis for the research is a life cycle model of human capital accumulation. The estimated "schooling function" provides an empirical test of the implications of the life cycle model and provides quantitative estimates of the partial effects of the exogenous variables employed in the analysis. The solution of a life cycle model is presented. The solution is in the form of an implicit function relating the length of specialization in human capital production to the exogenous variables facing the individual. Regression results indicate that the index of family background and the individual's IQ test score are positive and significant determinants of schooling level. This result is predicted by the life cycle model on which the study is based. In terms of elasticities, schooling decisions are about 10 times as responsive to changes in IQ as to changes in the index of family background. Calculated at the mean values of the respective variables, a one percent increase in IQ leads to a two percent increase in educational level while a one percent increase in the index of family background leads to a two tenths of one percent increase in educational level. A tentative implication of this result is that social policies that alter the price of educational inputs through the entire life cycle will not result in large changes in individual schooling decisions. However, it should be recognized that social policies that lead to lower prices of educational inputs early in the life cycle may have somewhat different effects.
Bibliography Citation
Palmer, Steven K. An Empirical Investigation of the Determinants of the Length of Full Time Schooling. Ph.D. Dissertation, North Carolina State University at Raleigh, 1975.