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CONTACT: GEORGE McCRORY
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e-mail: george-mccrory@uiowa.edu

Release: Immediate

Princeton professor to examine income and education at UI lecture

IOWA CITY, Iowa -- Does a college degree pay off? A Princeton University professor scheduled to speak Tuesday, Nov. 10 at the University of Iowa says his study on the educational levels of identical twins supports the notion that more education means more income.

Orley Ashenfelter, the Joseph Douglas Green 1895 Professor of Economics at Princeton, will speak at 8 p.m. Tuesday in Room 40 of Schaeffer Hall. He is one of the world's most prominent labor economists and editor of the American Economic Review.

In his lecture "Does a College Degree Pay Off? Evidence from Data on Identical Twins," Aschenfelter will speak about education as an economic investment. Ashefelter studied educational levels of 1,000 identical twins who gathered at the National Twins Festival in Twinsburg, Ohio. He found that an additional year of schooling increases earnings by about 10 percent for the twin who has more education.

The lecture is part of the Ida Cordelia Beam Distinguished Visiting Professor series and is sponsored by the UI department of economics.

The lecture is free and open to the public. A reception will follow in the Commons Room, 302 Schaeffer Hall. For more information, contact the department of economics at 335-0829.

11/9/98