The Returns to Medical School: Evidence from Admission Lotteries

N. Ketel; E. Leuven; H. Oosterbeek; B. van der Klaauw

doi:10.1257/app.20140506

The Returns to Medical School: Evidence from Admission Lotteries

N. Ketel, E. Leuven, H. Oosterbeek, B. van der Klaauw

Economics

Research output: Contribution to Journal › Article › Academic › peer-review

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	https://doi.org/10.1257/app.20140506
Publication status	Published - 2016

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This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1257/app.20140506

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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
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Cite this

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The Returns to Medical School: Evidence from Admission Lotteries

Abstract

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Replication data for: The Returns to Medical School: Evidence from Admission Lotteries

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