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The Dynamics of Educational Attainment for Blacks, Hispanics, and Whites

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NBER WORKING PAPER SERIES

THE DYNAMICS OF EDUCATIONAL ATTAINMENT FOR BLACKS, HISPANICS, AND WHITES Stephen V. Cameron James J. Heckman Working Paper 7249 http://www.nber.org/papers/w7249

NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 July 1999

We thank Stephanie Aaronson, Joseph Altonji, Shubaum Chauduri, Terri Devine, Tom Kane, and Christopher Taber for valuable comments. We thank Marvin Kosters for valuable comments and for making this paper possible. The first draft of this paper was presented at an NBER conference on higher education at Cambridge, MA in April 1992. It was also presented at a Public Economics workshop at the University of Chicago (May 1992), sponsored by J. Hotz, at the Institute of Research on Poverty (Wisconsin), June 1997, and at Cornell University, April 1997. This work was supported by the American Bar Foundation and by NSF-SBR-93-21-048, NSF 97-09-893, and by NICHD:R01-HD32058-01A1; NICHD:R01-34598-03; NIH:R01-HD34958-01; NIH:R01-HD32058-03, and by grants from the Mellon Foundation and the Spencer Foundations. The views expressed in this paper do not necessarily reflect those of the National Bureau of Economic Research. © 1999 by Stephen V. Cameron and James J. Heckman. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.

The Dynamics of Educational Attainment for Blacks, Hispanics, and Whites

Stephen V. Cameron and James J. Heckman NBER Working Paper No. 7249 July 1999 JEL No. I12 ABSTRACT This paper estimates a dynamic model of schooling attainment to investigate the sources of discrepancy by race and ethnicity in college attendance. When the returns to college education rose, college enrollment of whites responded much more quickly than that of

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