Author : Robert B. Speakman
Release : 2007
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Kind : eBook
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Book Synopsis School Quality and Wages by : Robert B. Speakman

Download or read book School Quality and Wages written by Robert B. Speakman. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines the literature that attempts to measure the relationship between school quality and earnings. I begin by developing a simple economic model that predicts that, everything else being equal and with comparisons being made within a market, workers from higher quality schools will have higher earnings among those with the same level of schooling and they will have steeper schooling-earnings gradients. The remainder of this dissertation explores problems that exist in this literature for which no solutions have been presented. These problems include: 1) there doesn't have to be a direct and positive relationship between school quality and earnings; 2) the data suggest that school quality measures are frequently mismatched to workers; 3) most school quality studies include college-trained labor while completely ignoring the quality of the college attended; 4) the omission of college quality from the estimation is especially problematic for studies that attempt to measure the school quality-earnings relationship through differences in schooling-earnings gradients for those educated in different systems; 5) state of birth wage rankings thought to capture a school quality effect are not invariant to the market (state of residence) in which they are evaluated; and 6) the evidence presented herein suggests that interstate migration is selective. These problems undermine the credibility of existing estimates of a school quality earnings relationship.