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Educational Returns Over the Life Course

  • Christiane GrossEmail author
  • Anika Bela
  • Monika Jungbauer-Gans
  • Andreas Jobst
  • Johannes Schwarze
Chapter
Part of the Edition ZfE book series (EZFE, volume 3)

Abstract

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.

Keywords

Education Panel study Returns Income Health 

Zusammenfassung

Säule 5 des Nationalen Bildungspanels erfasst unterschiedliche Bildungsrenditen im Lebensverlauf. Das Längsschnittdesign ermöglicht die Untersuchung komplexer und dynamischer Interaktionsprozesse, in deren Rahmen Qualifikationen, Kompetenzen und Bildungszertifikate in ökonomische und nichtökonomische Renditen umgewandelt werden. In diesem Kapitel werden die zentralen theoretischen Konstrukte zur Analyse von Bildungsrenditen vorgestellt und ihre Implementierung im Nationalen Bildungspanel beschrieben. Wir diskutieren ökonomische Bildungsrenditen wie Einkommen und weitere Arbeitsmarkterträge mit einem Schwerpunkt auf Einkommenserwartungen als innovatives Konzept. Der Begriff der nichtökonomischen Bildungsrenditen subsumiert verbesserte Gesundheit, höheres subjektives Wohlbefinden, erhöhte soziale und politische Partizipation sowie Auswirkungen auf den Prozess der Familienbildung. Bildungsrenditen in Form von Gesundheit und subjektivem Wohlbefinden sind über den ganzen Lebensverlauf – vom Kindergarten bis zum Erwachsenenalter – von Bedeutung, während Bildungsrenditen in Form von politischer Partizipation erst in der späten Jugendphase verstärkt auftreten. Um Kausalbeziehungen zu identifizieren, müssen gravierende Verzerrungen bei der Schätzung von Bildungsrenditen vermieden werden. Eine Quelle verzerrter Schätzer liegt in der fehlenden Berücksichtigung finanzieller Restriktionen des elterlichen Haushalts. Daher implementiert Säule 5 diverse Konstrukte zur Kontrolle der ökonomischen Haushaltssituation wie etwa Haushaltseinkommen und Vermögen.

Schlüsselwörter

Bildung Panelstudie Renditen Einkommen Gesundheit 

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Copyright information

© Springer Fachmedien Wiesbaden GmbH, ein Teil von Springer Nature 2019

Authors and Affiliations

  • Christiane Gross
    • 1
    Email author
  • Anika Bela
    • 2
  • Monika Jungbauer-Gans
    • 3
  • Andreas Jobst
  • Johannes Schwarze
    • 4
  1. 1.University of WurzburgWürzburgGermany
  2. 2.Leibniz Institute for Educational TrajectoriesBambergGermany
  3. 3.Leibniz University of HanoverHannoverGermany
  4. 4.University of BambergBambergGermany

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