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The Returns to Education in Thailand: A Pseudo-Panel Approach

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  • Warunsiri, Sasiwimon
  • McNown, Robert

Abstract

Summary This study employs the pseudo-panel approach for estimating returns to education in Thailand, while treating the endogeneity bias common to estimates from data on individuals. Pseudo-panel data are constructed from repeated cross-sections of Thailand's National Labor Force Surveys of workers born during 1946-67. Estimates show a downward bias of the returns to education in least squares regressions with individual data, a result confirmed with instrumental variable estimation. The overall rate of return is between 14% and 16%. Females have higher returns than males, and workers in urban areas have higher returns than those in rural areas.

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Bibliographic Info

Article provided by Elsevier in its journal World Development.

Volume (Year): 38 (2010)
Issue (Month): 11 (November)
Pages: 1616-1625

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Handle: RePEc:eee:wdevel:v:38:y:2010:i:11:p:1616-1625

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Web page: http://www.elsevier.com/locate/worlddev

Related research

Keywords: returns to education pseudo-panel synthetic cohort IV estimators Asia Thailand;

References

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Cited by:
  1. Rosa Sanchis-Guarner, 2012. "Driving Up Wages: The Effects of Road Construction in Great Britain," SERC Discussion Papers 0120, Spatial Economics Research Centre, LSE.
  2. World Bank, 2012. "Leading with Ideas : Skills for Growth and Equity in Thailand," World Bank Other Operational Studies 2732, The World Bank.
  3. Djemai, Elodie & Arestoff, Florence, 2013. "Women's empowerment across the life cycle and generations: Evidence from Sub-Saharan Africa," Economics Papers from University Paris Dauphine 123456789/12351, Paris Dauphine University.

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