How Skills and Parental Valuation of Education Influence Human Capital Acquisition and Early Labor Market Return to Human Capital in Canada

• 成果类型: Article
• 署名作者: Kottelenberg, Michael J.; Lehrer, Steven F.
• 署名单位: Western University (University of Western Ontario); Queens University - Canada; New York University; NYU Shanghai; National Bureau of Economic Research
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/703355
• 发表日期: 2019
• 页码: S735-S778
• 关键词: intergenerational mobility; gender disparities; ability; expectations; earnings; neighborhoods; Heterogeneity; achievement; TECHNOLOGY; dimensions

摘要

Using the Youth in Transition Survey, we estimate a Roy model with a three-dimensional latent factor structure to consider how parental valuation of education, cognitive skills, and noncognitive skills influence endogenous schooling decisions and subsequent labor market outcomes. We find that the effect of cognitive skills on adult incomes arises by increasing the likelihood of obtaining further education. Furthermore, we find that both noncognitive skills and parental valuation for education play a larger role in determining income at age 25 than cognitive skills. Last, our analysis uncovers striking differences between men and women in several of the estimated relationships.