HOW RESPONSIVE IS INVESTMENT IN SCHOOLING TO CHANGES IN REDISTRIBUTIVE POLICIES AND IN RETURNS?

• 成果类型: Article
• 署名作者: Abramitzky, Ran; Lavy, Victor
• 署名单位: Stanford University; National Bureau of Economic Research; University of Warwick; Hebrew University of Jerusalem
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.3982/ECTA10763
• 发表日期: 2014
• 页码: 1241-1272
• 关键词: wage inequality; EQUALITY

摘要

This paper uses an unusual pay reform to test the responsiveness of investment in schooling to changes in redistribution schemes that increase the rate of return to education. We exploit an episode where different Israeli kibbutzim shifted from equal sharing to productivity-based wages in different years and find that students in kibbutzim that reformed earlier invested more in high school education and, in the long run, also in post-secondary schooling. We further show that the effect is mainly driven by students in kibbutzim that reformed to a larger degree. Our findings support the prediction that education is highly responsive to changes in the redistribution policy.