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The Effects of Family Characteristics on the Return to Education
Joseph G. Altonji and Thomas A. Dunn
The Review of Economics and Statistics
Vol. 78, No. 4 (Nov., 1996), pp. 692-704
Published by: The MIT Press
Stable URL: http://www.jstor.org/stable/2109956
Page Count: 13
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In this paper we examine the role of parental education in the human capital production function by estimating the effects of parental education on the education profile of wages. The analysis uses sibling pairs from the Panel Study of Income Dynamics and the National Longitudinal Surveys of Labor Market Experience of Young Men and Young Women. We obtained mixed evidence on whether parental education raises the return to education.
The Review of Economics and Statistics © 1996 The MIT Press