Do Human Arts Really Offer a Lower Return to Education?
Publikation: Working paper › Forskning
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Do Human Arts Really Offer a Lower Return to Education? / Dalgaard, Carl-Johan Lars; Sørensen, Anders; Schultz, Esben.
Copenhagen : Centre for Economic and Business Research, 2009.Publikation: Working paper › Forskning
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TY - UNPB
T1 - Do Human Arts Really Offer a Lower Return to Education?
AU - Dalgaard, Carl-Johan Lars
AU - Sørensen, Anders
AU - Schultz, Esben
N1 - JEL classification: I21, J24
PY - 2009
Y1 - 2009
N2 - Is the wage gap between majors in human arts and other fields caused by the education? If the educational choice is endogenous, the wage gap may instead be caused by selection. We document that individuals' educational choice is correlated with that of older students and by the concentration of women in their high school. Conditional on high school fixed effects, these characteristics are unlikely to affect post-university wages and are plausible instruments for the educational choice. Our 2SLS estimates reveal that the gap in returns to education is negligible, implying that the wage gap is attributable to selection.
AB - Is the wage gap between majors in human arts and other fields caused by the education? If the educational choice is endogenous, the wage gap may instead be caused by selection. We document that individuals' educational choice is correlated with that of older students and by the concentration of women in their high school. Conditional on high school fixed effects, these characteristics are unlikely to affect post-university wages and are plausible instruments for the educational choice. Our 2SLS estimates reveal that the gap in returns to education is negligible, implying that the wage gap is attributable to selection.
KW - Faculty of Social Sciences
KW - instruments
M3 - Working paper
BT - Do Human Arts Really Offer a Lower Return to Education?
PB - Centre for Economic and Business Research
CY - Copenhagen
ER -
ID: 13788797