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DTSTART:20261101T020000
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DTSTART:20270314T020000
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UID:calendar.71263.field_date.0@calendar.lafayette.edu
DTSTAMP:20260424T153143Z
DESCRIPTION:This paper offers a new approach to decomposing the apparent re
 turns to \nschooling into human capital\, diploma signaling\, and ability-
 bias components. \nWe adopt a flexible factormodel framework that treats a
 bility as an unknown \nmultidimensional object\, estimable from panel data
  on earnings and schooling. \nOur approach does not rely on ability proxie
 s or on the sequence in which \ncovariates enter the model. Results using 
 NLSY79 data show that about 47% of \nthe apparent returns reflect ability 
 bias\, while signaling and human capital \ncontribute about 39% and 14%\, 
 respectively. Ignoring ability bias or degree \ncompletion substantially e
 xaggerates the human-capital contribution.
DTSTART;TZID=America/New_York:20260501T120000
DTEND;TZID=America/New_York:20260501T130000
LAST-MODIFIED:20260423T141933Z
LOCATION:Simon 300
SUMMARY:Economics Seminar - 'Ability Bias\, Diploma Signaling\, or Human Ca
 pital? A \nFactor Model-Based Decomposition of the Returns to Schooling'
URL;TYPE=URI:https://calendar.lafayette.edu/node/71263
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