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Identifying the Role of Cognitive Ability in Explaining the Level of and Change in the Return to Schooling

Heckman, James, Vytlacil, Edward·2001·Review of Economics and Statistics

Abstract

This paper considers two problems that arise in determining the role of cognitive ability in explaining the level of and change in the rate of return to schooling. The first problem is that ability and schooling are so strongly dependent that it is not possible, over a wide range of variation in schooling and ability, to independently vary these two variables and estimate their separate impacts. The second problem is that the structure of panel data makes it difficult to identify main age and time effects or to isolate crucial education-ability-time interactions which are needed to assess the role of ability in explaining the rise in the return to education.

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Metadata

Authors
Heckman, J., & Vytlacil, E.
Venue
Review of Economics and Statistics
Published
2001-02
Volume
83
Issue
1
Pages
1-12
ISSN
  • 0034-6535 (ISSN-L)
  • 1530-9142
OpenAlex
W2891974173
Cited by
200
References
0
FWCI
25.95
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Identifying the Role of Cognitive Ability in Explaining the Level of and Change in the Return to Schooling. https://app.cochat.ai/papers/10.1162/003465301750159993
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Heckman, J., & Vytlacil, E. (2001). Identifying the Role of Cognitive Ability in Explaining the Level of and Change in the Return to Schooling. Review of Economics and Statistics. https://doi.org/10.1162/003465301750159993

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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.