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

Author

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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.

Suggested Citation

  • Warunsiri, Sasiwimon & McNown, Robert, 2010. "The Returns to Education in Thailand: A Pseudo-Panel Approach," World Development, Elsevier, vol. 38(11), pages 1616-1625, November.
  • Handle: RePEc:eee:wdevel:v:38:y:2010:i:11:p:1616-1625
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    Citations

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    Cited by:

    1. World Bank, 2012. "Leading with Ideas : Skills for Growth and Equity in Thailand," World Bank Other Operational Studies 2732, The World Bank.
    2. Islam, Asadul & Ouch, Chandarany & Smyth, Russell & Wang, Liang Choon, 2016. "The long-term effects of civil conflicts on education, earnings, and fertility: Evidence from Cambodia," Journal of Comparative Economics, Elsevier, vol. 44(3), pages 800-820.
    3. Jessica Vechbanyongratana & Sasiwimon Warunsiri Paweenawat, 2015. "Transfer Payments And Upper Secondary School Outcomes: The Case Of Low-Income Female Students In Thailand," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 60(05), pages 1-19, December.
    4. Gómez Soler, Silvia C., 2016. "Educational achievement at schools: Assessing the effect of the civil conflict using a pseudo-panel of schools," International Journal of Educational Development, Elsevier, vol. 49(C), pages 91-106.
    5. Kengo Igei, 2018. "Managing Were the Adverse Effects of Disability on Employment Mitigated during 2002-2015 in South Africa?: A Pseudo-Panel Approach," Working Papers 168, JICA Research Institute.
    6. repec:ecr:col070:41258 is not listed on IDEAS
    7. Kaewkwan Tangtipongkul, 2015. "Rates of Return to Schooling in Thailand," Asian Development Review, MIT Press, vol. 32(2), pages 38-64, September.
    8. repec:pid:journl:v:55:y:2016:i:4:p:837-851 is not listed on IDEAS
    9. D. Lederman & W.F. Maloney & J. Messina, 2011. "The Fall of Wage Flexibility," World Bank Other Operational Studies 23575, The World Bank.
    10. Jamal, Haroon, 2015. "Private Returns to Education in Pakistan: A Statistical Investigation," MPRA Paper 70640, University Library of Munich, Germany.
    11. Rosa Sanchis-Guarner, 2012. "Driving Up Wages: The Effects of Road Construction in Great Britain," SERC Discussion Papers 0120, Spatial Economics Research Centre, LSE.
    12. Nuarpear Lekfuangfu, 2017. "Intensive and Extensive Margins of Labour Supply in Thailand: Decomposing the Pattern of Work Behaviours," PIER Discussion Papers 59, Puey Ungphakorn Institute for Economic Research, revised May 2017.
    13. Lederman, Daniel & Rojas, Diego, 2014. "Export shocks and the volatility of returns to schooling : evidence from twelve Latin American economies," Policy Research Working Paper Series 7144, The World Bank.
    14. Oancea, Bogdan & Pospisil, Richard & Dragoescu, Raluca, 2017. "The return to higher education: evidence from Romania," MPRA Paper 81720, University Library of Munich, Germany.
    15. Delprato, Marcos & Akyeampong, Kwame & Dunne, Máiréad, 2017. "Intergenerational Education Effects of Early Marriage in Sub-Saharan Africa," World Development, Elsevier, vol. 91(C), pages 173-192.
    16. Prabir Bhattacharya & Takahiro Sato, 2017. "Estimating Regional Returns to Education in India," Discussion Paper Series DP2017-09, Research Institute for Economics & Business Administration, Kobe University.
    17. repec:dau:papers:123456789/12351 is not listed on IDEAS
    18. Arestoff, Florence & Djemai, Elodie, 2016. "Women’s Empowerment Across the Life Cycle and Generations: Evidence from Sub-Saharan Africa," World Development, Elsevier, vol. 87(C), pages 70-87.

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