Do dropouts drop out too soon? Wealth, health and happiness from compulsory schooling
成果类型：
Article
署名作者：
Oreopoulos, Philip
署名单位：
Canadian Institute for Advanced Research (CIFAR); University of Toronto
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/j.jpubeco.2007.02.002
发表日期：
2007
页码：
2213-2229
关键词：
摘要：
This paper uses compulsory schooling laws to evaluate high school dropout decisions. The main empirical result is that lifetime wealth increases by about 15% with an extra year of compulsory schooling. Students compelled to stay in school are also less likely to report being in poor health, unemployed, and unhappy. The main conclusion is that high school aversion alone is unlikely to explain why dropouts forgo substantial gains to lifetime wealth. The results are more consistent with the possibility that adolescents ignore or heavily discount future consequences when deciding to drop out of school. If teenagers are myopic, making school compulsory or offering incentives to stay in school may help improve lifetime outcomes. (C) 2007 Elsevier B.V. All rights reserved.
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