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Returns to Specific Graduate Degrees : Estimates Using Texas Administrative Records

Altonji, Joseph G.; Zhu, Zhengren - National Bureau of Economic Research - 2025

We estimate causal effects of 121 graduate degrees on log earnings. The returns average 0.159 but vary widely across fields, with a standard deviation of 0.176. Experience profiles of the returns also vary and are particularly steep for medicine. Internal rates of return, which account for...

Persistent link: https://www.econbiz.de/10015326523

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

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