The marginal and average returns to schooling in the UK

被引：31
|
作者：
Harmon, C [1 ]
Walker, I
机构：
[1] Natl Univ Ireland Univ Coll Dublin, Dept Econ, Dublin 4, Ireland
[2] Univ Keele, Dept Econ, Keele ST5 5BG, Staffs, England
[3] Inst Fiscal Studies, London, England
来源：
EUROPEAN ECONOMIC REVIEW | 1999年 / 43卷 / 4-6期
关键词：
schooling; wage determination; endogeneity bias;
D O I：
10.1016/S0014-2921(98)00101-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We explore the possibility that different instruments may affect different margins of the schooling distribution, and consistent with recent evidence we find a large, significant downward bias in the least squares estimate of the returns to schooling and that the estimates are stable with respect to the choice of instruments. However when we remove the assumption that log wages are linear in years of schooling we find sensitivity to the choice of instrument. (C) 1999 Elsevier Science B.V. All rights reserved. JEL classification: J31; I21; J24.
引用
收藏
页码：879 / 887
页数：9
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