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| Song, Moohoun; Orazem, Peter F.. |
| 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 14.5% and 12.6% respectively. Estimated returns to professional degrees rise from 14% to 20%. These findings correspond to a large increase in relative earnings... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Labor and Human Capital. |
| Ano: 2005 |
URL: http://purl.umn.edu/18207 |
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| Singh, Rajesh; Orazem, Peter F.; Song, Moohoun. |
| We investigate the role of broadband access on the probability of telecommuting and whether individuals who work from home receive greater compensation. We also assess whether telecommuting differs between more- and less-densely populated areas. Telecommuting responds positively to local average commuting time and to local access to High-Speed Internet service. Differences in broadband access explain three-fourths of the gap in telecommuting between urban and rural markets. Telecommuters and other IT users do not earn significantly more than otherwise observationally comparable workers. Already highly skilled and highly paid workers are the most likely to telecommute and so they do not earn more because they telecommute. As broadband access improves in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Community/Rural/Urban Development; Labor and Human Capital. |
| Ano: 2006 |
URL: http://purl.umn.edu/18214 |
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