Full Citation

Title: How Large are Human-Capital Externalitites? Evidence from Compulsory Schooling Laws

Citation Type: Book, Section

Publication Year: 2001

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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.

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Authors: Angrist, J.; Acemoglu, D.; Rouse, CE; Bils, M.

Editors: Bernanke, Ben; Rogoff, Kenneth

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Volume Title: NBER Macroeconomics Annual 2000

Publisher: The MIT Press

Publisher Location: Cambridge, MA

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Data Collections: IPUMS USA

Topics: Aging and Retirement, Education, Labor Force and Occupational Structure

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