Estimating the Return to Schooling : Progress on Some Persistent Econometric Problems

@inproceedings{2001EstimatingTR,
  title={Estimating the Return to Schooling : Progress on Some Persistent Econometric Problems},
  author={},
  year={2001}
}
  • Published 2001
This paper reviews a set of recent studies that have attempted to measure the causal effect of education on labor market earnings by using institutional features of the supply side of the education system as exogenous determinants of schooling outcomes. A simple theoretical model that highlights the role of comparative advantage in the optimal schooling decision is presented and used to motivate an extended discussion of econometric issues, including the properties of ordinary least squares and… CONTINUE READING
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