TY  - RPRT
        AU  - Heckman, James J.
AU  - Humphries, John Eric
AU  - Veramendi, Gregory
        TI  - The Non-Market Benefits of Education and Ability
        PY  - 2017/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 11047
        UR  - https://www.iza.org/index.php/publications/dp11047
        AB  - This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non-market outcomes including incarceration, mental health, voter participation, trust, and participation in welfare. We find distinct patterns of returns that depend on the levels of schooling and ability. Unlike the monetary benefits of education, the benefits to education for many non-market outcomes are greater for low-ability persons. College graduation decreases welfare use, lowers depression, and raises self-esteem more for less-able individuals.
        KW  - household behavior and family economics
KW  - health and inequality
KW  - government policy
KW  - returns to education
KW  - education and inequality
        ER  -