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A Parametric Control Function Approach to Estimating the Returns to Schooling in the Absence of Exclusion Restrictions: An Application to the NLSY

Vella, Francis; Farré, Lídia; Klein, Roger - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008

We estimate the return to education using a sample drawn from the National Longitudinal Survey of Youth 1979 (NLSY79). Rather than accounting for the endogeneity of schooling through the use of instrumental variables we employ a parametric version of the Klein and Vella (2006a) estimator. This...

Persistent link: https://www.econbiz.de/10005731251

Does increasing parents' schooling raise the schooling of the next generation? Evidence based on conditional second moments

Vella, Francis; Farré, Lídia; Klein, Roger - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

This paper investigates the degree of intergenerational transmission ofeducation for individuals from the National Longitudinal Survey of Youth1979. Rather than identifying the causal effect of parental education viainstrumental variables we exploit the feature of the transmissionmechanism...

Persistent link: https://www.econbiz.de/10005731418