The DOI matches its Crossref record.
Education in Nonmarket Production
Abstract
Since an investment in human capital yields a return through time spent in the labor market, it may also yield a return through time spent in productive activities outside the labor market. This paper explores a framework in which these "nonmarket" returns may be analyzed. The model is implemented empirically to test implications pertaining to the partial effect of formal schooling on expenditure patterns and to estimate the magnitude of the nonmarket return to an investment in education.
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Citations
Cited by
Priceless: The Nonpecuniary Benefits of Schooling
Oreopoulos, P., & Salvanes, K. G. (2011) · Journal of Economic Perspectives · doi:10.1257/jep.25.1.159 · Cited by 963
Health Behavior, Health Knowledge, and Schooling
Kenkel, D. S. (1991) · Journal of Political Economy · doi:10.1086/261751 · Cited by 956
Household Allocation of Time and Church Attendance
Azzi, C., & Ehrenberg, R. (1975) · Journal of Political Economy · doi:10.1086/260305 · Cited by 711
Chapter 10 Education and Nonmarket Outcomes
Grossman, M. (2006) · Handbook of the Economics of Education · doi:10.1016/s1574-0692(06)01010-5 · Cited by 278
Metadata
- Authors
- Michael, R. T.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1973-03
- Volume
- 81
- Issue
- 2, Part 1
- Pages
- 306-327
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2093696469
- Cited by
- 173
- References
- 0
- FWCI
- 21.29
- Type
- journal article
- Language
- en
- Open access
- closed
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
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How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
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- CoChat. (2026). Citation check: Education in Nonmarket Production. https://app.cochat.ai/papers/10.1086/260029
- The paper
- Michael, R. T. (1973). Education in Nonmarket Production. Journal of Political Economy. https://doi.org/10.1086/260029
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
