The Marginal about Average Returns to Schooling
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
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: Ireland; University College Dublin, Department of Political Economy, Centre for Economic Research, Belfield, Dublin 4|
Fax: +353-1-283 0068
Web page: http://www.ucd.ie/economics/
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