Abstract
We exploit admission lotteries to estimate the returns to medical school in the Netherlands. Using data from up to 22 years after the lottery, we find that in every single year after graduation doctors earn at least 20 percent more than people who end up in their nextbest occupation. Twenty-two years after the lottery the earnings difference is almost 50 percent. Only a small fraction of this difference can be attributed to differences in working hours and human capital investments. The returns do not vary with gender or ability, and shift the entire earnings distribution.
Original language | English |
---|---|
Pages (from-to) | 225-254 |
Journal | American Economic Journal: Applied Economics |
Volume | 8 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2016 |
Fingerprint
Dive into the research topics of 'The Returns to Medical School: Evidence from Admission Lotteries'. Together they form a unique fingerprint.Datasets
-
Replication data for: The Returns to Medical School: Evidence from Admission Lotteries
Ketel, N. (Contributor), Leuven, E. (Contributor), Oosterbeek, H. (Contributor) & van der Klaauw, B. (Contributor), Unknown Publisher, 1 Jan 2016
DOI: 10.3886/e113626v1, https://www.openicpsr.org/openicpsr/project/113626/version/V1/view
Dataset