Metadata record for Replication data for: The Returns to Medical School: Evidence from Admission Lotteries
113626
Inter-university Consortium for Political and Social Research
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V1
Replication data for: The Returns to Medical School: Evidence from Admission Lotteries
113626
http://doi.org/10.3886/E113626V1
Nadine Ketel
Edwin Leuven
Hessel Oosterbeek
Bas van der Klaauw
Please see full citation.
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Ann Arbor, MI: Inter-university Consortium for Political and Social Research
Ketel, Nadine, Leuven, Edwin, Oosterbeek, Hessel, and van der Klaauw, Bas. Replication data for: The Returns to Medical School: Evidence from Admission Lotteries. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113626V1
D44 Auctions
I11 Analysis of Health Care Markets
I26 Returns to Education
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
J44 Professional Labor Markets; Occupational Licensing
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 next-best
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. (JEL D44, I11, I26, J24, J31, J44)