Arabsheibani, G. Reza; Mussurov, Altay - In: The Economics of Transition 15 (2007) 2, pp. 341-364
This paper examines rates of return to schooling in Kazakhstan using OLS (Ordinary Least Squares) and instrumental variable (IV) methodologies. We use spouse's education and smoking as instruments. We find that spouse's education is a valid instrument and that conventional OLS estimates that...