Brodaty, Thomas; Gary-Bobo, Robert J.; Prieto, Ana - C.E.P.R. Discussion Papers - 2008
which log-wages are explained by two endogenous variables: the student's degree and the student's time to degree, not simply … by years of education. Log-wages are regressed on a measure of education, which is a position on a scale of certificates … parameters. We find a robust, significant and negative impact of the delay variable on wages, averaged over the first five years …