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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

The Extent and Consequences of Downward Nominal Wage Rigidity

Altonji, Joseph G. - 1999

Using the Panel Study of Income Dynamics, we find that true wage changes have many fewer nominal cuts and more nominal freezes than reported nominal wage changes. The data overwhelmingly rejects a model of flexible wage changes and provides some evidence against a model of perfect downward...

Persistent link: https://www.econbiz.de/10012471554

Employer Learning and Statistical Discrimination

Altonji, Joseph G. - 1997

We provide a test for statistical discrimination or rational stereotyping in in environments in which agents learn over … statistical discrimination on the basis of race. Our results support the hypothesis of statistical discrimination, although they … for the analysis of the determinants of wage growth and productivity and the analysis of statistical discrimination in the …

Persistent link: https://www.econbiz.de/10012472533

Employer Learning and the Signaling Value of Education

Altonji, Joseph G. - 1996

If profit maximizing firms have limited information about the general productivity of new workers, they may choose to use easily observable characteristics such as years of education to 'statistically discriminate' among workers. The pure credential value of education will depend on how quickly...

Persistent link: https://www.econbiz.de/10012473426