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Returns to Education in Greece: Evidence from the 1977 Labor Market Survey using the Greek Civil War as an Instrument

Author

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  • Harry A Patrinos

    (World Bank)

Abstract

Greece experienced a devastating civil war in 1946-1949. This led to many deaths, economic losses, and severe reductions in schooling expenditures and attendance. Using an instrumental variables approach, we estimate the 1977 returns to schooling, showing that for those affected by the civil war, the returns to schooling are higher than the corresponding least squares estimate.

Suggested Citation

  • Harry A Patrinos, 2022. "Returns to Education in Greece: Evidence from the 1977 Labor Market Survey using the Greek Civil War as an Instrument," Economics Bulletin, AccessEcon, vol. 42(1), pages 288-293.
    • Handle: RePEc:ebl:ecbull:eb-22-00661
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    File URL: http://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I1-P26.pdf
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    More about this item

    Keywords

    Returns to education; instrumental variables; civil war; Greece;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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