000			02923cam a22003617 4500
001			w22734
003			NBER
005			20211020105126.0
006			m o d
007			cr cnu||||||||
008			210910s2016 mau fo 000 0 eng d
100	1		_aCooper, Russell.
245	1	0	_aMoney or Grit? Determinants of MisMatch / _cRussell Cooper.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2016.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w22734
500			_aOctober 2016.
520	3		_aThis paper studies the determinants of mismatch in educational attainment. Mismatch arises when high ability individuals do not obtain a college degree and/or low ability individuals do. Using data from the NLSY97 survey, the paper estimates a structural model of education choice that matches the moments of mismatch, college attainment and labor market outcomes. The analysis conditions on gender, race and socio-economic status. Ignoring the role of parents, mismatch is explained by differences in tastes for education and the presence of occasionally binding borrowing constraints. But parents matter. This channel operates through both the attitudes and ability of offspring. Once these links between parents and children are taken into account, the influence of borrowing constraints disappears. Mismatch reflects variations in tastes as well as noise in test scores, the underlying measure of ability. The paper also presents a decomposition of the college wage premium into the returns to schooling and the selection into higher education. The analysis highlights the power of selection into higher education as an explanation of the college wage premium by gender, race and socio-economic status.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE21 - Consumption • Saving • Wealth _2Journal of Economic Literature class.
690		7	_aE24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity _2Journal of Economic Literature class.
690		7	_aI21 - Analysis of Education _2Journal of Economic Literature class.
690		7	_aI23 - Higher Education • Research Institutions _2Journal of Economic Literature class.
690		7	_aI26 - Returns to Education _2Journal of Economic Literature class.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w22734.
856	4	0	_uhttps://www.nber.org/papers/w22734
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w22734
942			_2ddc _cW-PAPER
999			_c325388 _d283950