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Socioeconomic Background, Schooling, Experience and Monetary Rewards in the United States

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  • Cohn, Elchanan
  • Kiker, B F

Abstract

Using a selective sample from the 1977 Panel Study of Income Dynamics, the authors investigate the relations among schooling, job experience, socioeconomic status (SES), IQ, and earnings in the United States. In contrast to the results for the United Kingdom reported by John Papanicolaou and George Psacharopoulos, we find no interaction effect on earnings between schooling and SES. A positive interaction effect on earnings , however, is found between experience and SES. Introducing IQ in the analysis leaves the above-mentioned results unchanged. It is argued that differences between the U.S. and the U.K. might be due to cultural and labor- market factors. Copyright 1986 by The Review of Economic Studies Limited.

Suggested Citation

  • Cohn, Elchanan & Kiker, B F, 1986. "Socioeconomic Background, Schooling, Experience and Monetary Rewards in the United States," Economica, London School of Economics and Political Science, vol. 53(212), pages 497-503, November.
    • Handle: RePEc:bla:econom:v:53:y:1986:i:212:p:497-503
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    Cited by:

    1. Janet Currie & Duncan Thomas, 1999. "Early Test Scores, Socioeconomic Status and Future Outcomes," NBER Working Papers 6943, National Bureau of Economic Research, Inc.
    2. Ralph Stinebrickner & Todd R. Stinebrickner, 2003. "Understanding Educational Outcomes of Students from Low-Income Families: Evidence from a Liberal Arts College with a Full Tuition Subsidy Program," Journal of Human Resources, University of Wisconsin Press, vol. 38(3).
    3. Astrid Krenz, 2008. "Theorie und Empirie über den Wirkungszusammenhang zwischen sozialer Herkunft, kulturellem und sozialem Kapital, Bildung und Einkommen in der Bundesrepublik Deutschland," SOEPpapers on Multidisciplinary Panel Data Research 128, DIW Berlin, The German Socio-Economic Panel (SOEP).
    4. Schoeni Robert F. & Buchmueller Thomas C. & Freedman Vicki A., 2011. "Socioeconomic Status and Health Over the Life Course and Across Generations: Introduction to a Special Issue and Overview of a Unique Data Resource," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(3), pages 1-10, December.
    5. Patrinos, Harry Anthony, 1995. "Socioeconomic background, schooling, experience, ability and monetary rewards in Greece," Economics of Education Review, Elsevier, vol. 14(1), pages 85-91, March.
    6. Todd R. Stinebrickner & Ralph Stinebrickner, 2000. "The Relationship Between Family Income and Schooling Attainment: Evidence from a Liberal Arts College with a Full Tuition Subsidy Program," University of Western Ontario, Departmental Research Report Series 20008, University of Western Ontario, Department of Economics.

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