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The Marginal about Average Returns to Schooling

Author

Listed:
  • harmon, C.
  • Walker, I.

Abstract

The main contribution of this paper are that : the possibility that different instruments may affect different margins in explored, and, because of its potential importance, the linearity in schooling assumption is tested. The paper finds a large and significant downward bias in the least squares estimate of the returns to schooling; the returns to schooling are significantly different from being linear, and that the estimates are stable with respect to the choice of instrument

Suggested Citation

  • harmon, C. & Walker, I., 1996. "The Marginal about Average Returns to Schooling," Papers 96/20, College Dublin, Department of Political Economy-.
    • Handle: RePEc:fth:dublec:96/20
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    Cited by:

    1. Adriaan Kalwij, 2000. "Estimating the economic return to schooling on the basis of panel data," Applied Economics, Taylor & Francis Journals, vol. 32(1), pages 61-71.

    More about this item

    Keywords

    SCHOOLING; WAGES;

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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