Bakis, Ozan; Davutyan, Nurhan; Levent, Haluk; Polat, Sezgin - Economic Research Forum (ERF) - 2010
This paper studies local human capital externalities and returns to education in Turkey. Data comes from 2006 Household Labor Survey. Instrumental Variables-OLS estimation indicates internal (external) returns amounting to 4.9% (2.4%), while IV estimates using quantile regression range from 3%...