This paper studies the effects of a landmark college expansion policy on wages in Russia. We construct a unique individual-level data set linking the supply of college campuses in an individual’s place of residence at age 17 with educational attainment and hourly wages in adulthood. Using parametric and semiparametric selection models, we demonstrate that the returns to college education in Russia are heterogeneous and depend on whether individuals live in areas with limited college availability. The cost-benefit analysis demonstrates that discounted net benefits of college education for students in constrained municipalities exceed those for students in large cities twofold.

中文翻译：

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大学扩张政策对工资的影响中的异质性：来自俄罗斯劳动力市场的证据

本文研究了具有里程碑意义的大学扩张政策对俄罗斯工资的影响。我们构建了一个独特的个人级数据集，该数据集将17岁时个人居住地中大学校园的供应与成年时的教育程度和小时工资联系起来。使用参数和半参数选择模型，我们证明了俄罗斯大学教育的回报是异质的，并且取决于个人是否生活在大学可用性有限的地区。成本效益分析表明，受约束的城市学生的大学教育折扣净收益是大城市学生的折扣净收益的两倍。