Data/hora: 10/06/2024 18:56:19

Provedor de dados: | 31
País: | United States
Título: | The Role of Mathematical and Verbal Skills on the Returns to Graduate and Professional Education
Autores: | Song,   Moohoun; Orazem,   Peter F.; Wohlgemuth,   Darin.
Data: | 2008-02-24
Ano: | 2007
Palavras-chave: | Postgraduate; Rate of return; Demand for schooling; Quantitative skills; Qualitative skills; Sorting; Labor and Human Capital; J3.
Resumo: | Students in majors with higher average quantitative GRE scores are less likely to attend graduate school while students in majors with higher average verbal GRE scores are more likely to attend graduate school. This sorting effect means that students whose cognitive skills are associated with lower earnings at the bachelor’s level are the most likely to attend graduate school. As a result, there is a substantial downward bias in estimated returns to graduate education. Correcting for the sorting effect raises estimated annualized returns to a Master’s or doctoral degree from about 5% to 7.3% and 12.8% respectively. Estimated returns to professional degrees rise from 13.9% to 16.6%. These findings correspond to a large increase in relative earnings received by postgraduate degree holders in the United States over the past 20 years.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

28862

http://purl.umn.edu/7346

Relação:

Iowa State University&gt;Department of Economics&gt;Working Papers

ISU Economics Working Paper

07022

Formato: | 23