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Family Background Variables as Instruments for Education in Income Regressions: A Bayesian Analysis
Hoogerheide, Lennart; Block, Joern H.; Thurik, Roy - 2010
The validity of family background variables instrumenting education in income regressions has been much criticized. In … instruments in income regressions. …
Persistent link: https://www.econbiz.de/10010326044
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Unobserved Heterogeneity and Risk in Wage Variance: Does Schooling provide Earnings Insurance?
Mazza, Jacopo; van Ophem, Hans; Hartog, Joop - 2011
We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We replicate the original study on US men and extend to US women, UK men and German men. Most original results are not robust. A college education cannot universally be considered an...
Persistent link: https://www.econbiz.de/10010325796
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Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - 2010
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from …) income and of education. Using instrumental variables can provide a way out. However, three questions remain: whether … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10010325824
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The Anatomy of Subjective Well-being
van Praag, Bernard M.S.; Frijters, P.; … - 2002
income. The model is estimated using a large German panel data set. …
Persistent link: https://www.econbiz.de/10010324798