Education and Self-Selection
Robert J. Willis,Sherwin Rosen +1 more
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A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent statistical models of self-selection and unobserved components, which strongly support the theory as discussed by the authors.Abstract:
A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent statistical models of self-selection and unobserved components. Estimates from NBEr-Thorndike data strongly support the theory. First, expected lifetime earnings gains influence the decision to attend college. Second, those who did not attend college would have earned less than measurably similar people who did attend, while those who attended college would have earned less as high school graduates than measurably similar people who stopped after high school. Positive selection in both groups implies no "ability bias" in these data.read more
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Schooling, Experience, and Earnings
TL;DR: In this article, the authors analyzed the distribution of worker earnings across workers and over the working age as consequences of differential investments in human capital and developed the human capital earnings function, an econometric tool for assessing rates of return and other investment parameters.
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Unionism and Wage Rates: A Simultaneous Equations Model with Qualitative and Limited Dependent Variables
TL;DR: This paper used a variant of a traditional simultaneous equations model with a binary qualitative variable (union membership) and limited dependent variables, and found that the propensity to join a union depends on the net wage gains that might result from trade union membership.
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The Empirical Status of Human Capital Theory: A Slightly Jaundiced Survey
TL;DR: In this article, the participants of the 1975 Conference of the International Institute of Public Finance, and several anonymous referees of this journal for helpful comments on an earlier version of this paper have been interviewed.