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Econometrics Commons

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2022

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Labor Economics

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The Economic Returns To Bilingualism In The U.S Labor Market, Mara Macdonald Aug 2022

The Economic Returns To Bilingualism In The U.S Labor Market, Mara Macdonald

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This paper uses pooled cross-sectional data from the General Social Survey to analyze the economic returns of bilingualism to adults in the U.S labor market. Bilingualism in the US is defined as English proficient individuals who also report speaking a foreign language “very well” or “well”. Using OLS Least Squares regression estimation where the dependent variable is the logarithm of earnings, I modify the Mincer earnings function to include foreign language skill variables and controls for observed demographic characteristics. Holding all levels of human capital constant, bilinguals earn 7.7% less than English monolinguals in the U.S labor market; however, this …