Education and Income in the Early Twentieth Century: Evidence from the Prairies
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Education and Income in the Early Twentieth Century: Evidence from the Prairies
| Title: | Education and Income in the Early Twentieth Century: Evidence from the Prairies |
| Author: |
Goldin, Claudia; Katz, Lawrence
Note: Order does not necessarily reflect citation order of authors. |
| Citation: | Goldin, Claudia and Lawrence F. Katz. Education and income in the early twentieth century: evidence from the prairies. 2000. Journal of Economic History 60(3): 782-818. |
| Full Text & Related Files: |
katz_edu.pdf (4.982Mb; PDF) 
|
| Abstract: | We present the first estimates of the returns to years of schooling before 1940 using a large sample individuals (from the 1915 Iowa State Census). The returns to a year of high school or college were substantial in 1915—about 11 percent for all males and in excess of 12 percent for young males. Education enabled individuals to enter lucrative white-collar jobs, but sizable educational wage differentials also existed within occupational groups. Returns were substantial even for those in farming. We find, using U.S. census data, that returns to education decreased between 1915 and 1940 and again during the 1940s. |
| Published Version: | http://dx.doi.org/10.1017/S0022050700000334 |
| Terms of Use: | This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA |
| Citable link to this page: | http://nrs.harvard.edu/urn-3:HUL.InstRepos:2766688 |
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FAS Scholarly Articles [5137]
Peer reviewed scholarly articles from the Faculty of Arts and Sciences of Harvard University
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