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Impact de la formation initiale sur les rémunérations au cours de la vie active

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  • Stéfan Lollivier
  • Pascale Pollet
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    Abstract

    Returns to schooling in terms of discounted income during the working life. The aim of this paper is to estimate the additional income that the men remaining at school one year more can earn. Compared with the traditional literature on the subject, it does not only estimate usual earnings functions from wages data, but it does also estimate the probability of being hired according to education level, and the effect of the selection process of employment on wages. It takes into account the endogeneity of education and experience variables both in wages and employment equations. The fact that education is largely endogenous in wages equations is once more pointed out. As for experience, endogeneity in the employment equation is especially strong. Once corrected various endogeneities, the return to schooling in terms of discounted earnings over the working life period is coming up to 10% by year; it decreases with education level.

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    Bibliographic Info

    Article provided by Dalloz in its journal Revue d'économie politique.

    Volume (Year): Volume 113 (2003)
    Issue (Month): 6 ()
    Pages: 801-827

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    Handle: RePEc:cai:repdal:redp_136_0801

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    Web page: http://www.cairn.info/revue-d-economie-politique.htm

    Related research

    Keywords: panel data sample selection estimators; estimation of wage and employment equations; edogeneity of education;

    References

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    1. S. Illeris & G. Akehurst, 2001. "Introduction," The Service Industries Journal, Taylor & Francis Journals, vol. 21(1), pages 1-4, January.
    2. Baltagi, Badi H & Khanti-Akom, Sophon, 1990. "On Efficient Estimation with Panel Data: An Empirical Comparison of Instrumental Variables Estimators," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 5(4), pages 401-06, Oct.-Dec..
    3. Gourieroux Christian & Monfort Alain & Trognon A, 1981. "Pseudo maximum likelihood methods : theory," CEPREMAP Working Papers (Couverture Orange) 8129, CEPREMAP.
    4. Bertschek, Irene & Lechner, Michael, 1998. "Convenient estimators for the panel probit model," Journal of Econometrics, Elsevier, vol. 87(2), pages 329-371, September.
    5. Lee, Lung-fei & Maddala, G S & Trost, R P, 1980. "Asymptotic Covariance Matrices of Two-Stage Probit and Two-Stage Tobit Methods for Simultaneous Equations Models with Selectivity," Econometrica, Econometric Society, vol. 48(2), pages 491-503, March.
    6. Robinson, Peter M, 1982. "On the Asymptotic Properties of Estimators of Models Containing Limited Dependent Variables," Econometrica, Econometric Society, vol. 50(1), pages 27-41, January.
    7. Heckman, James J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-61, January.
    8. Nijman, Theo & Verbeek, Marno, 1992. "Nonresponse in Panel Data: The Impact on Estimates of a Life Cycle Consumption Function," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(3), pages 243-57, July-Sept.
    9. Chiappori, Pierre-Andre, 1988. "Rational Household Labor Supply," Econometrica, Econometric Society, vol. 56(1), pages 63-90, January.
    10. Ekaterini Kyriazidou, 1997. "Estimation of a Panel Data Sample Selection Model," Econometrica, Econometric Society, vol. 65(6), pages 1335-1364, November.
    11. Dustmann, Christian & Rochina-Barrachina, María Engracia, 2000. "Selection Correction in Panel Data Models: An Application to Labour Supply and Wages," IZA Discussion Papers 162, Institute for the Study of Labor (IZA).
    12. Lee A. Lillard & Robert J. Willis, 1976. "Dynamic Aspects of Earnings Mobility," NBER Working Papers 0150, National Bureau of Economic Research, Inc.
    13. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, vol. 46(1), pages 69-85, January.
    14. Butler, J S & Moffitt, Robert, 1982. "A Computationally Efficient Quadrature Procedure for the One-Factor Multinomial Probit Model," Econometrica, Econometric Society, vol. 50(3), pages 761-64, May.
    15. Wooldridge, Jeffrey M., 1995. "Selection corrections for panel data models under conditional mean independence assumptions," Journal of Econometrics, Elsevier, vol. 68(1), pages 115-132, July.
    16. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    17. Pagan, Adrian, 1984. "Econometric Issues in the Analysis of Regressions with Generated Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 221-47, February.
    18. Chamberlain, Gary, 1984. "Panel data," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 22, pages 1247-1318 Elsevier.
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    Cited by:
    1. Stéphanie Moullet, 2006. "After the Professional or Technological Baccalauréat: Wage Return at the Start of Working Life for Holders of a 2-Year Higher Education Diploma (Bac +2)," Economie et Statistique, Institut National de la Statistique et des Etudes Economiques, vol. 388, pages 15-36, June.
    2. Delteil, Violaine & Pailhe, Ariane & Redor, Dominique, 2004. "Comparing individual wage determinants in Western and Central Europe: on the way to convergence? The cases of France and Hungary," Journal of Comparative Economics, Elsevier, vol. 32(3), pages 482-499, September.

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