The Returns to Medical School: Evidence from Admission Lotteries
成果类型：
Article
署名作者：
Ketel, Nadine; Leuven, Edwin; Oosterbeek, Hessel; van der Klaauw, Bas
署名单位：
University of Gothenburg; University of Oslo; University of Amsterdam; Vrije Universiteit Amsterdam
刊物名称：
AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
ISSN/ISSBN：
1945-7782
DOI：
10.1257/app.20140506
发表日期：
2016
页码：
225-254
关键词：
摘要：
We exploit admission lotteries to estimate the returns to medical school in the Netherlands. Using data from up to 22 years after the lottery, we find that in every single year after graduation doctors earn at least 20 percent more than people who end up in their next-best occupation. Twenty-two years after the lottery the earnings difference is almost 50 percent. Only a small fraction of this difference can be attributed to differences in working hours and human capital investments. The returns do not vary with gender or ability, and shift the entire earnings distribution.
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