Amenities and individual heterogeneity in the return to schooling

Victor Iturra and Mauricio Sarrias

Letters in Spatial and Resource Sciences, 2023, vol. 16, issue 1, No 18, 15 pages

Abstract: Abstract We analyze the role played by amenities in the mean and variance of the return of schooling’s distribution. To do so, we employ a random parameter approach to consider the whole distribution of schooling, and testing how much of the unobserved heterogeneity is reduced when amenities interact with schooling. Using Chilean data sets, the results indicate that amenities play a significant role on the distribution of individuals’ return to schooling by both shifting the average return and reducing the unobserved heterogeneity across workers.

Keywords: Return to schooling; Amenities; Heterogeneity; Random parameters (search for similar items in EconPapers)
JEL-codes: C13 J24 J31 R23 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s12076-022-00322-8

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