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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

Farré, Lídia; Klein, Roger; Vella, Francis - 2010

the National Longitudinal Survey of Youth 1979. Accounting for endogeneity increases the estimate of the return to …

Persistent link: https://www.econbiz.de/10010269795

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

). Rather than accounting for the endogeneity of schooling through the use of instrumental variables we employ a parametric …. Accounting for endogeneity increases the estimate of the return to education by 5 percentage points, from 7.6% to 12.7%. …

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

On the sensitivity of return to schooling estimates to estimation methods, model specification, and influential outliers if identification is weak

Jaeger, David A.; Parys, Juliane - 2009

We provide a comparison of return to schooling estimates based on an influential study by Angrist and Krueger (1991) using two stage least squares (TSLS), limited information maximum likelihood (LIML), jackknife (JIVE), and split sample instrumental variables (SSIV) estimation. We find that the...

Persistent link: https://www.econbiz.de/10010269280

A parametric control function approach to estimating the returns to schooling in the absence of exclusion restrictions : an application to the NLSY

Farré, Lídia; Klein, Roger W.; Vella, Francis - 2010

education from 6.8% to 11.2%. -- Return to education ; heteroskedasticity ; endogeneity … the National Longitudinal Survey of Youth 1979. Accounting for endogeneity increases the estimate of the return to …