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Sastry's 10-year study of New Orleans Katrina evacuees shows demographic differences between returning and nonreturning

Stafford says less educated, smaller investors more likely to sell off stock and lock in losses during market downturn

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Highlights

Deirdre Bloome wins ASA award for work on racial inequality and intergenerational transmission

Bob Willis awarded 2015 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics

David Lam is new director of Institute for Social Research

Elizabeth Bruch wins Robert Merton Prize for paper in analytic sociology

Next Brown Bag

Monday, Oct 12
Joe Grengs, Policy & Planning for Social Equity in Transportation

David Lam photo

Effects of Family Background on Earnings and Returns to Schooling: Evidence from Brazil

Publication Abstract

Lam, David, and Robert F. Schoeni. 1993. "Effects of Family Background on Earnings and Returns to Schooling: Evidence from Brazil." Journal of Political Economy, 101(4): 710-40.

This study investigates whether omitted family background variables are responsible for high returns to schooling estimated in Brazil. Returns to schooling fall by about one-third when parental schooling is added to wage equations. Surprisingly, the schooling of fathers-in-law has larger effects on wages than the schooling of fathers. On the basis of a model of assortative mating, the authors interpret this as evidence that parental characteristics represent unobservable worker attributes rather than nepotism in the labor market. They conclude that the "family background bias" in returns to schooling is modest and need not imply returns to family connections.

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