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Amenities and individual heterogeneity in the return to schooling

Amenities and individual heterogeneity in the return to schooling We analyze the role played by amenities in the mean and variance of the return of schooling’s distribution. To do so, we employ a random parameter approach to consider the whole distribution of schooling, and testing how much of the unobserved heterogeneity is reduced when amenities interact with schooling. Using Chilean data sets, the results indicate that amenities play a significant role on the distribution of individuals’ return to schooling by both shifting the average return and reducing the unobserved heterogeneity across workers. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Letters in Spatial and Resource Sciences Springer Journals

Amenities and individual heterogeneity in the return to schooling

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Publisher
Springer Journals
Copyright
Copyright © The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.
ISSN
1864-4031
eISSN
1864-404X
DOI
10.1007/s12076-022-00322-8
Publisher site
See Article on Publisher Site

Abstract

We analyze the role played by amenities in the mean and variance of the return of schooling’s distribution. To do so, we employ a random parameter approach to consider the whole distribution of schooling, and testing how much of the unobserved heterogeneity is reduced when amenities interact with schooling. Using Chilean data sets, the results indicate that amenities play a significant role on the distribution of individuals’ return to schooling by both shifting the average return and reducing the unobserved heterogeneity across workers.

Journal

Letters in Spatial and Resource Sciences – Springer Journals

Published: Dec 1, 2023

Keywords: Return to schooling; Amenities; Heterogeneity; Random parameters; C13; J24; J31; R23

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