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  • Pillar 5 of the German National Educational Panel Study (NEPS) focuses on various returns to education over the life course. The longitudinal design allows us to study the complex and dynamic interaction processes when qualifications, competencies, and educational certificates are turned into economic and noneconomic returns. In this chapter, we outline the central theoretical concepts for analyzing returns to education and describe how they are implemented within NEPS. We discuss economic returns such as income and other labor market-related outcomes with an emphasis on expected income as an innovative concept. Noneconomic returns may come in the form of better health, increased subjective well-being, increased social and political participation, and changing processes of family formation. Over the life cycle, returns related to health and subjective well-being will tend to accrue from early childhood through adulthood, whereas returns related to political participation will tend to set in during late adolescence. In order to identify causal relationships, it is necessary to avoid considerable bias in the estimation of returns to education. One crucial source of biased estimators is the omission of the financial restrictions faced by the parents’ household. Thus, Pillar 5 implements several measures to control for the economic situation of the household such as household income and wealth. (xsd:string)
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  • 2019 (xsd:gyear)
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  • 2019 (xsd:gyear)
?:doi
  • 10.1007/978-3-658-23162-0_8 ()
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  • 137 (xsd:string)
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  • english (xsd:string)
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  • 978-3-658-23162-0 ()
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  • 3 (xsd:string)
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  • Educational Returns Over the Life Course (xsd:string)
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  • Education as a Lifelong Process: The German National Educational Panel Study (NEPS) (xsd:string)
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  • In Education as a Lifelong Process: The German National Educational Panel Study (NEPS), edited by Blossfeld, Hans-Peter and Roßbach, Hans-Günther(3), 137-153, Springer Fachmedien, 2019 (xsd:string)
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  • 2019 (xsd:string)
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  • Mikrozensus (xsd:string)
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  • 153 (xsd:string)
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