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Cited by 503

The DOI matches its Crossref record; 29 of the 29 references it cites were found in a registry or an index.

Schooling and Economic Well-Being: The Role of Nonmarket Effects

Haveman, Robert H., Wolfe, Barbara L.·1984·The Journal of Human Resources
DOI 10.2307/145879
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Abstract

Standard estimates of the economic value of additional schooling, based on earnings differences associated with differences in the level of schooling attained, cover only a portion of the total effects of education that are valued by citizens. We first identify a catalog of nonmarketed effects, many of which have been recently studied by economists, and then propose a procedure for estimating a willingness-to-pay value for these effects. Using empirical estimates of the magnitude of a selection of these effects found in the literature, we calculate willingness-to-pay values using our proposed procedure. These illustrative calculations suggest that standard estimates of the benefit of incremental schooling substantially understate the full value of such investments.

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Metadata

Authors
Haveman, R. H., & Wolfe, B. L.
Venue
The Journal of Human Resources
Publisher
JSTOR
Published
1984
Volume
19
Issue
3
Pages
377
ISSN
0022-166X (ISSN-L)
DOI
10.2307/145879
OpenAlex
W1486258806
Cited by
503
References
29
FWCI
21.11
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Schooling and Economic Well-Being: The Role of Nonmarket Effects. https://app.cochat.ai/papers/10.2307/145879
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Haveman, R. H., & Wolfe, B. L. (1984). Schooling and Economic Well-Being: The Role of Nonmarket Effects. The Journal of Human Resources. https://doi.org/10.2307/145879

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.