Paul W. Miller

Barry Chiswick

The economic literature on international migration interests policymakers as well as academics throughout the social sciences. These volumes, the first of a new subseries in the Handbooks in Economics, describe and analyze scholarship created since the inception of serious attention began in the late 1970s. This literature appears in the general economics journals, in various field journals in economics (especially, but not exclusively, those covering labor market and human resource issues), in interdisciplinary immigration journals, and in papers by economists published in journals associated with history, sociology, political science, demography, and linguistics, among others. Covers a range of topics from labor market outcomes and fiscal consequences to the effects of international migration on the level and distribution of income – and everything in between. Encompasses a wide range of topics related to migration and is multidisciplinary in some aspects, which is crucial on the topic of migration Appeals to a large community of scholars interested in this topic and for whom no overviews or summaries exist

The Impact

Handbook of the Economics of International Migration

An analysis of the economic returns to education is undertaken using a rich and particularly large sample of twins (1170 pairs). The findings are placed in the context of certain existing American work, the study by Behrman et al (1977) and the recent innovative analysis by Ashenfelter and Krueger (1993). Following Ashenfelter and Krueger (1993) both fixed effects and selection effects models are estimated and correction is made for measurement error in self reported schooling levels. The basic findings are rather similar to those of Behrman et al (1977). However, they contrast sharply with those of Ashenfelter and Krueger (1993) who report that the conventional estimate of the rate of return almost doubles to 13 - 18 per cent when correction is made for measurement error and that there is no role for family effects in this relationship. The main finding is that the rate of return of schooling is in the range of 4 - 8 per cent and that there is a role for at least the genetic component of family effects in the relationship between schooling and income.

Paul W. Miller

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