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Title: The Relationship Between Family Income Background and the Returns to Education
Resulting in 1 citation.
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Bartik, Timothy Hershbein, Brad |
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The Relationship Between Family Income Background and the Returns to Education Presented: Chicago IL, Population Association of America Annual Meeting, April 2017 Cohort(s): NLSY79, NLSY97 Publisher: Population Association of America Keyword(s): College Degree; Educational Returns; Family Background and Culture; Family Income; Panel Study of Income Dynamics (PSID); Poverty; Socioeconomic Background Permission to reprint the abstract has not been received from the publisher. Drawing upon the Panel Study of Income Dynamics and National Longitudinal Survey of Youth, we document a startling empirical pattern: the career earnings premium from a four-year college degree (relative to a high school diploma) for persons from low-income backgrounds is nearly half (in proportional terms) what it is for those from more-fortunate backgrounds. We establish the prevalence and robustness of these differential returns to education across race, gender, and the earnings distribution, finding that they are driven by whites and men and by differential access to the right tail of the earnings distribution. Exploiting the richness of the family background variables in our data and external sources, we employ several decomposition strategies to explore the role of neighborhood characteristics, school quality, college selectivity, field of study, location, and preferences in explaining the phenomenon. We conclude with implications for how greater education may affect income and inequality. |
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Bibliography Citation
Bartik, Timothy and Brad Hershbein. "The Relationship Between Family Income Background and the Returns to Education." Presented: Chicago IL, Population Association of America Annual Meeting, April 2017. |