DISENTANGLING THE COLLEGE WAGE PREMIUM: ESTIMATING A MODEL WITH ENDOGENOUS EDUCATION CHOICES*
构建并估计了一个教育选择与工资决定的结构模型，利用1990年美国人口普查数据，发现大学教育使生产率提高约40%，占工资溢价的三分之二。
This article proposes and empirically implements a structural model of education choices and wage determination to quantitatively evaluate the contributions of productivity enhancement and ability signaling in the college wage premium. The model is estimated under various distributional parameterizations using 1990 U.S. Census 5% Public Use Micro Sample. Under these parameterizations, I find that college education enhances attendees' productivity by about 40%, and productivity enhancement accounts for close to two‐thirds of the college wage premium.