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Education Premiums in Cambodia: Dummy Variables Revisited and Recent Data*

* This paper is a replication of an original study

Author

Listed:
  • John Humphreys

Abstract

The best peer-reviewed, published estimate of Cambodia’s education premiums currently comes from a paper by Ashish Lall and Chris Sakellariou (2010), but their paper includes an error in the interpretation of dummy variable coefficients. Here I offer corrected estimates of the annualized education premiums for each level of education in Cambodia, and I also offer an extension by applying Lall and Sakellariou’s model to more recent data. The result is that education premiums for Cambodia are generally higher than as published by Lall and Sakellariou, and substantially higher in the case of university education.

Suggested Citation

  • John Humphreys, 2015. "Education Premiums in Cambodia: Dummy Variables Revisited and Recent Data," Econ Journal Watch, Econ Journal Watch, vol. 12(3), pages 339–345-3, September.
    • Handle: RePEc:ejw:journl:v:12:y:2015:i:3:p:339-345
    as

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    References listed on IDEAS

    as
    1. Lucas, Robert E B, 1977. "Hedonic Wage Equations and Psychic Wages in the Returns to Schooling," American Economic Review, American Economic Association, vol. 67(4), pages 549-558, September.
    2. Heckman, James J. & Lochner, Lance J. & Todd, Petra E., 2006. "Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond," Handbook of the Economics of Education, in: Erik Hanushek & F. Welch (ed.), Handbook of the Economics of Education, edition 1, volume 1, chapter 7, pages 307-458, Elsevier.
    3. Kennedy, Peter E, 1981. "Estimation with Correctly Interpreted Dummy Variables in Semilogarithmic Equations [The Interpretation of Dummy Variables in Semilogarithmic Equations]," American Economic Review, American Economic Association, vol. 71(4), pages 801-801, September.
    4. Halvorsen, Robert & Palmquist, Raymond, 1980. "The Interpretation of Dummy Variables in Semilogarithmic Equations," American Economic Review, American Economic Association, vol. 70(3), pages 474-475, June.
    Full references (including those not matched with items on IDEAS)

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    Replication

    This item is a replication of:
  • Ashish Lall & Chris Sakellariou, 2010. "Evolution of Education Premiums in Cambodia: 1997–2007," Asian Economic Journal, East Asian Economic Association, vol. 24(4), pages 333-354, December.

    • More about this item

    Keywords

    Cambodian Socio-Economic Survey; return on education; semi-logarithmic regression;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

    Lists

    This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:
    1. Education Premiums in Cambodia: Dummy Variables Revisited and Recent Data (EJW 2015) in ReplicationWiki

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