期刊
JOURNAL OF ECONOMIC PERSPECTIVES
卷 25, 期 1, 页码 159-184出版社
AMER ECONOMIC ASSOC
DOI: 10.1257/jep.25.1.159
关键词
INTERGENERATIONAL TRANSMISSION; FAMILY-SIZE; EDUCATION; QUANTITY; QUALITY; UNEMPLOYMENT; COMPLETION; INEQUALITY; ECONOMICS; EARNINGS
类别
Increasing wealth provides key motivation for students to forgo earnings and struggle through exams. But, as we argue in this paper, schooling generates many experiences and affects many dimensions of skill that, in turn, affect central aspects of individuals' lives. Schooling not only affects income, but also the degree to which one enjoys work, as well as one's likelihood of being unemployed. It leads individuals to make better decisions about health, marriage, and parenting. It also improves patience, making individuals more goal-oriented and less likely to engage in risky behavior. Schooling improves trust and social interaction, and may offer substantial consumption value to some students. We discuss various mechanisms to explain how these relationships may occur independent of wealth effects and present evidence that nonpecuniary returns to schooling are at least as large as pecuniary ones. Ironically, one explanation why some early school leavers miss out on these high returns is that they lack the very same decision-making skills that more schooling would help improve.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据