Schnabel, Isabel; Schnabel, Reinhold - 2002 - Revised September 2002
Using information on family background, we estimate returns to education, allowing for the heterogeneity of returns. In … order to control for the unobserved heterogeneity shared by family members, we construct a siblings sample and employ family … fixed-effects and family correlated random-effects models. Our main result is that family background still matters despite …