Hogan, Vincent; Rigobón, Roberto - 2002
We apply a new estimator to the measurement of the economic returns to education. We control for endogenous education …, unobserved ability and measurement error using only the natural heteroscedasticty of wages and education attainment. Our prefered … that use IV. Our results indicate that the biases generated by unobserved ability and measurement error tend to cancel each …
