We explore the possibility that different instruments may affect different margins of the schooling distribution, and consistent with recent evidence we find a large, significant downward bias in the least squares estimate ...
Recent developments in the schooling returns literature have focused on exploiting alternative instruments. A number of instruments are available in an Irish dataset, including parental background variables (social class ...
In this paper we provide an analytical review of previous estimates of the rate of return on schooling investments and measure how these estimates vary by country, over time, and by estimation method. We find evidence of ...
This paper estimates the impact of schooling on the earnings of men. It is important to know what the return to educational investments might be since a high return to such investments may imply that individuals, for ...
The existing literature now features many examples where log wages are linear in years of schooling and which effectively attempt to correct for least squares bias using instruments based essentially on a single variable. ...