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Title: Effects of Parental Characteristics on the Returns to Education and Labor Market Experience
Resulting in 1 citation.
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Altonji, Joseph G. Dunn, Thomas Albert |
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Effects of Parental Characteristics on the Returns to Education and Labor Market Experience Working Paper, Center for Urban Affairs and Policy Research, Northwestern University, 1990 Cohort(s): Young Men, Young Women Publisher: Center for Urban Affairs and Policy Research, Northwestern University, now Institute for Policy Research Keyword(s): Educational Attainment; Educational Returns; Family Background and Culture; I.Q.; Modeling, Fixed Effects; Pairs (also see Siblings); Parental Influences; School Characteristics/Rating/Safety; Sons; Wages; Work Experience Permission to reprint the abstract has not been received from the publisher. Many studies have found strong influences of parental characteristics and family on the educational attainment of children. Few, however, have looked at the influence of these factors on the rate of return to education or rate of return to experience. The authors measure the extent to which the education profile of wages and the experience profile of wages are influenced by the child's IQ, parents' educations, and the index of family background variables, school characteristics, and personal characteristics that predict years of schooling completed. The presence of sibling pairs in the NLS is exploited in estimating the effects of parental characteristics and background variables on the education slope of wages and the experience slope of wages. The authors use ordinary least squares regression procedures and include a family fixed effect to capture omitted family variables that might otherwise bias the slope estimates. It was found that the child's IQ, parents' educations, and the index of personal, family and school characteristics that predict the child's educational attainment have only a weak influence on the relationships between education and wages and labor market experience and wages. It seems unlikely that the effect of family background on the education slope of wages is responsible for more than a small fraction of the powerful effect of family background on the years of schooling completed. |
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Bibliography Citation
Altonji, Joseph G. and Thomas Albert Dunn. "Effects of Parental Characteristics on the Returns to Education and Labor Market Experience." Working Paper, Center for Urban Affairs and Policy Research, Northwestern University, 1990. |