Jg. Altonji et Ta. Dunn, THE EFFECTS OF FAMILY CHARACTERISTICS ON THE RETURN TO EDUCATION, Review of economics and statistics, 78(4), 1996, pp. 692-704
In this paper we examine the role of parental education in the human c
apital production function by estimating the effects of parental educa
tion on the education profile of wages. The analysis uses sibling pair
s from the Panel Study of Income Dynamics and the National Longitudina
l Surveys of Labor Market Experience of Young Men and Young Women. We
obtained mixed evidence on whether parental education raises the retur
n to education.