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find that accounting for the endogeneity of education in this manner increases the estimated return to education from 6 …
Persistent link: https://www.econbiz.de/10013317353
The wage effect of job-education vertical mismatch (i.e. overeducation) has only recently been investigated in the case of Ph.D. holders. The existing contributions rely on OLS estimates that allow measuring the average effect of being mismatched at the mean of the conditional wages...
Persistent link: https://www.econbiz.de/10012926726
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
Persistent link: https://www.econbiz.de/10013154992
Since the late 90s, Regression Discontinuity (RD) designs have been widely used to estimate Local Average Treatment Effects (LATE). When the running variable is observed with continuous measurement error, identification fails. Assuming non-differential measurement error, we propose a consistent...
Persistent link: https://www.econbiz.de/10012955015
Estimators that exploit an instrumental variable to correct for misclassification in a binary regressor typically assume that the misclassification rates are invariant across all values of the instrument. We show that this assumption is invalid in routine empirical settings. We derive a new...
Persistent link: https://www.econbiz.de/10012825597
We consider identification and estimation of nonseparable sample selection models with censored selection rules. We … conditions under which these objects are appropriate for the total population. We also present results regarding the estimation … strategies for estimation. We also provide the associated asymptotic theory. These strategies are illustrated in an empirical …
Persistent link: https://www.econbiz.de/10012928503
This paper relaxes the assumption of homogeneous rates of return to schooling by employing nonparametric kernel regression. This approach allows us to examine the differences in rates of return to education both across and within groups. Similar to previous studies we find that on average blacks...
Persistent link: https://www.econbiz.de/10013126142
conventional OLS estimates that assume the exogenous nature of schooling, and hence do not control for endogeneity bias, may …
Persistent link: https://www.econbiz.de/10012778986
allowing for the endogeneity of schooling, using the control function approach proposed by Lee (2007). Using household data … earnings distribution. It is also found that accounting for the endogeneity of schooling leads to a higher rate of return to …
Persistent link: https://www.econbiz.de/10013137510
, using data on male workers from the 2001 wave of the European Community Household Panel. The issue of schooling endogeneity …
Persistent link: https://www.econbiz.de/10012776606