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Project Citation: 

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.

Project Description

Summary:  View help for Summary 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)

Scope of Project

JEL Classification:  View help for JEL Classification
      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

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