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The Marginal Propensity to Spend on Adult Children

Altonji, Joseph G. - 2003

discounted values of these responses to permanent income. Our estimates imply that parents pass on between 2 and 3 cents out of …We examine how much of an extra dollar of parental lifetime resources will ultimately be passed on to adult children in … rates and age specific estimates of the response of transfers and wealth to permanent income to compute the expected present …

Persistent link: https://www.econbiz.de/10012468887

Quantifying Family, School, and Location Effects in the Presence of Complementarities and Sorting

Agrawal, Mohit - 2018

We extend the control function approach of Altonji and Mansfield (2018) to allow for multiple group levels and complementarities. Our analysis provides a foundation for causal interpretation of multilevel mixed effects models in the presence of sorting. In our empirical application, we obtain...

Persistent link: https://www.econbiz.de/10012480819

The Labor Market Returns to Advanced Degrees

Altonji, Joseph G. - 2020

We estimate the labor market return to an MBA, a JD, and master's in engineering, nursing, education, psychology and social work, and thirteen other graduate degrees. To control for heterogeneity in preferences and ability, we use fixed effects for combinations of field-specific undergraduate...

Persistent link: https://www.econbiz.de/10012481916

Estimating the Cream Skimming Effect of School Choice

Altonji, Joseph G. - 2010

stayers by luring the best students to other schools. This framework results in a simple formula showing that the "cream …-skimming" effect is increasing in the degree of heterogeneity within schools, the school choice takeup rate of strong students relative … to weak students, and the importance of peers. We use the formula to investigate the effects of a voucher program on the …

Persistent link: https://www.econbiz.de/10012462078

An Evaluation of Instrumental Variable Strategies for Estimating the Effects of Catholic Schools

Altonji, Joseph G. - 2002

Several previous studies have relied on religious affiliation and the proximity to Catholic schools as exogenous sources of variation for identifying the effect of Catholic schooling on a wide variety of outcomes. Using three separate approaches, we examine the validity of these instrumental...

Persistent link: https://www.econbiz.de/10012469347

The Demand for and Return to Education When Education Outcomes are Uncertain

Altonji, Joseph G. - 1991

The vast literature on human capital and earnings assumes that individuals know in advance that they will complete a particular program of schooling. This paper treats education as a sequential choice that is made under uncertainty. A simple two period structural model is used to explore the...

Persistent link: https://www.econbiz.de/10012475293

The Costs of and Net Returns to College Major

Altonji, Joseph G. - 2017

This paper uses administrative student and expenditure data from Florida public universities to describe a) how the cost of producing graduates varies by major, b) how the inclusion of major-specific instructional costs alters the estimated net returns to different fields of study, and c) how...

Persistent link: https://www.econbiz.de/10012455651

The Analysis of Field Choice in College and Graduate School : Determinants and Wage Effects

Altonji, Joseph G. - 2015

As the workforce has become more educated, educational decisions are no longer just about whether to acquire more, but rather what type of education to pursue. In college, individuals somewhat specialize through their choice of college major. Further specialization occurs in graduate school....

Persistent link: https://www.econbiz.de/10012457014

The Effects of Advanced Degrees on the Wage Rates, Hours, Earnings and Job Satisfaction of Women and Men

Altonji, Joseph G.; Humphries, John Eric; Zhong, Ling - National Bureau of Economic Research - 2022

This paper uses a college-by-graduate degree fixed effects estimator to evaluate the returns to 19 different graduate degrees for men and women. We find substantial variation across degrees, and evidence that OLS overestimates the returns to degrees with high average earnings and underestimates...

Persistent link: https://www.econbiz.de/10013334324

Group-Average Observables as Controls for Sorting on Unobservables When Estimating Group Treatment Effects : the Case of School and Neighborhood Effects

Altonji, Joseph G. - 2014

We consider the classic problem of estimating group treatment effects when individuals sort based on observed and unobserved characteristics that affect the outcome. Using a standard choice model, we show that controlling for group averages of observed individual characteristics potentially...

Persistent link: https://www.econbiz.de/10012457885