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 ...
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 ...
This paper estimates the impact of schooling on the wages of men. It is important to know what the return on educational investments might be since a high return implies that there might be too little of such investments. ...
Using a dataset that allows consistent cross-country comparisons we test the non-linearity in a conventional earnings equation with respect to schooling. The findings suggest that assumption of linearity is not robust and ...
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. ...