Returns to Education through Access to Higher-Paying Firms: Evidence from US Matched Employer-Employee Data
利用美国匹配雇主-雇员数据，研究发现高等教育学位带来的工资溢价中，高达四分之一可由企业间的工资差异解释，且高学历者更可能进入高薪企业。
We use administrative US matched employer-employee data merged with detailed information on individuals' academic records to assess the extent to which returns to education are mediated by the sorting of workers across firms. We present three results. First, we confirm findings in the earlier literature of large pay differences across higher education degrees. Second, we show that up to one quarter of pay premiums for higher degrees are explained by between-firm pay differences. Third, higher degrees are associated with greater representation at the best-paying firms. We conclude that employer heterogeneity is an important factor in mediating the returns to education.