Heterogeneity in Marginal Nonmonetary Returns to Higher Education

Daniel A. Kamhoefer (), Hendrik Schmitz and Matthias Westphal ()
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Daniel A. Kamhoefer: Deutsches Forschungszentrum für Gesundheitsökonomik (CINCH), Fachbereich Wirtschaftswissenschaften, Universität Duisburg-Essen
Authors registered in the RePEc Author Service: Daniel Kamhofer

No 1512, CINCH Working Paper Series from Universitaet Duisburg-Essen, Competent in Competition and Health

Abstract: In this paper we estimate the effects of college education on cognitive abilities and health exploiting exogenous variation in college availability and student loan regulations. By means of semiparametric local instrumental variables techniques we estimate marginal treatment effects in an environment of essential heterogeneity. The results suggest heterogeneous but always positive effects on cognitive skills and homogeneously positive effects for all health outcomes but mental health, where the effects are around zero throughout. We find that likely mechanisms of positive physical health returns are effects of college education on physically demanding activities on the job and health behavior such as smoking and drinking while mentally more demanding jobs might explain the skill returns.

Keywords: Returns to higher education; cognitive abilities; health; marginal treatment effect (search for similar items in EconPapers)
JEL-codes: C31 H52 I12 I21 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2015-10, Revised 2015-10
New Economics Papers: this item is included in nep-edu
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Citations: View citations in EconPapers (14)

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Related works:
Journal Article: Heterogeneity in Marginal Non-Monetary Returns to Higher Education (2019)
Working Paper: Heterogeneity in Marginal Non-monetary Returns to Higher Education (2015)
Working Paper: Heterogeneity in marginal non-monetary returns to higher education (2015)
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