The DOI matches its Crossref record; 12 of the 12 references it cites were found in a registry or an index.
The Demand for and Return to Education When Education Outcomes are Uncertain
Open accessAbstract
The vast literature on human capital and earnings assumes that individuals know in advance that they will complete a particular program of schooling.This paper treats education as a sequential choice that is made under uncertainty.A simple two period structural model is used to explore the effects of ability, high school preparation, preferences for schooling, the borrowing rate, and ex post payoffs to college on the probability of various post secondary college outcomes and the ex ante return to starting college.The model provides the basis for a simple empirical method of accounting for uncertainty about educational outcomes and for nonlinearity in the relationship between years of education and earnings when estimating the expected return to the first year of college.I present estimates of the effects of gender, aptitude, high school curriculum, family background characteristics, and other variables on the expected return to starting college.
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Cites
Investment in Human Capital and Personal Income Distribution
Mincer, J. (1958) · Journal of Political Economy · doi:10.1086/258055 · Cited by 3,803
Estimating the Returns to Schooling: Some Econometric Problems
Griliches, Z. (1977) · Econometrica · doi:10.2307/1913285 · Cited by 1,390
Card, D., & Krueger, A. B. (1992) · Journal of Political Economy · doi:10.1086/261805 · Cited by 1,163
On-the-Job Training: Costs, Returns, and Some Implications
Mincer, J. (1962) · Journal of Political Economy · doi:10.1086/258725 · Cited by 1,086
Occupational Self-Selection: A Human Capital Approach to Sex Differences in Occupational Structure
Polachek, S. W. (1981) · The Review of Economics and Statistics · doi:10.2307/1924218 · Cited by 976
Wage determinants: A survey and reinterpretation of human capital earnings functions
Willis, R. (1987) · Cited by 657
The Failure of Human Capital Theory to Explain Occupational Sex Segregation
England, P. (1982) · The Journal of Human Resources · doi:10.2307/145585 · Cited by 454
Predicted Future Earnings and Choice of College Major
Berger, M. C. (1988) · ILR Review · doi:10.1177/001979398804100306 · Cited by 358
Schooling as experimentation: a reappraisal of the postsecondary dropout phenomenon
Manski, C. F. (1989) · Economics of Education Review · doi:10.1016/0272-7757(89)90016-2 · Cited by 232
Human Capital Versus Sorting: The Effects of Compulsory Attendance Laws
Lang, K., & Kropp, D. (1986) · The Quarterly Journal of Economics · doi:10.2307/1885699 · Cited by 207
Cited by
Chapter 48 Race and gender in the labor market
Altonji, J. G., & Blank, R. M. (1999) · Handbook of Labor Economics · doi:10.1016/s1573-4463(99)30039-0 · Cited by 981
Self-citationAbility sorting and the returns to college major
Arcidiacono, P. (2004) · Journal of Econometrics · doi:10.1016/j.jeconom.2003.10.010 · Cited by 833
Determinants of College Major Choice: Identification using an Information Experiment
Wiswall, M., & Zafar, B. (2015) · The Review of Economic Studies · doi:10.1093/restud/rdu044 · Cited by 533
Horizontal Stratification in Postsecondary Education: Forms, Explanations, and Implications
Gerber, T. P., & Cheung, S. Y. (2008) · Annual Review of Sociology · doi:10.1146/annurev.soc.34.040507.134604 · Cited by 511
Heterogeneity in Human Capital Investments: High School Curriculum, College Major, and Careers
Altonji, J. G., Blom, E., & Meghir, C. (2012) · Annual Review of Economics · doi:10.1146/annurev-economics-080511-110908 · Cited by 506
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Metadata
- Authors
- Altonji, J.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 1991-05
- OpenAlex
- W3124634782
- Cited by
- 298
- References
- 12
- Type
- report
- Language
- en
- Open access
- green
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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.
