Laws, Educational Outcomes, and Returns to Schooling: Evidence from the Full Count 1940 Census

Karen Clay, Jeff Lingwall and Melvin Stephens, Jr.

No 22855, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper uses a new dataset on state compulsory attendance, continuation school, and child labor laws with the 1940 full count Census of Population to estimate the returns to schooling for native-born white men in the 1885-1912 birth cohorts. IV estimates of returns to schooling range from 0.064 to 0.079. Quantile IV estimates show that the returns to schooling were largest for the lowest quantiles, and were generally monotonically decreasing for higher quantiles. These findings suggest that early schooling laws may have contributed to the Great Compression by increasing education levels for white men at the bottom of the distribution.

JEL-codes: I26 J24 J31 N32 (search for similar items in EconPapers)
Date: 2016-11
New Economics Papers: this item is included in nep-edu, nep-his and nep-lma
Note: DAE ED LS
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