Full Citation

Title: How Large Are Human-Capital Externalities? Evidence from Compulsory Schooling Laws

Citation Type: Journal Article

Publication Year: 2000

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: Many economists and policymakers believe that education creates positive externalities. Indeed, average schooling in U.S. states is highly correlated with state wage levels, even after controlling for the direct effect of schooling on individual wages. We use variation in child labor laws and compulsory attendance laws over time and across states to investigate whether this relationship is causal. Our results show external returns to education around 1% and not significantly different from zero.

User Submitted?: No

Authors: Angrist, Joshua; Acemoglu, Daron

Periodical (Full): NBER Macroeconomics Annual

Issue:

Volume: 15

Pages: 9-59

Data Collections: IPUMS USA, IPUMS CPS

Topics: Education, Other

Countries: