A well-established empirical literature suggests that individual wages are persistent. Several theoretical arguments … support this empirical finding. Yet, the standard approach to the estimation of schooling returns does not account for this … commonly used static-model estimators of schooling coefficients are subject to an omitted-variable bias which can be named …

A well-established empirical literature suggests that individual wages are persistent. Several theoretical arguments … support this empirical finding. Yet, the standard approach to the estimation of schooling returns does not account for this … commonly used static-model estimators of schooling coefficients are subject to an omitted-variable bias which can be named …

This paper provides an expression for the bias of the OLS estimator of the schooling coefficient in a simple static … wage-schooling model where earnings persistence is not accounted for. It is argued that the OLS estimator of the schooling … problematic for the estimation of the schooling coefficient even if individual unobserved heterogeneity and endogeneity are taken …

A well-established empirical literature suggests that individual wages are persistent. Several theoretical arguments … support this empirical finding. Yet, the standard approach to the estimation of schooling returns does not account for this … commonly used static-model estimators of schooling coefficients are subject to an omitted-variable bias which can be named …

The standard approach to the estimation of schooling returns disregards earnings persistence. Using longitudinal data …

suggested by Andini (2012; 2013). -- schooling ; wages ; dynamic panel-data models …This paper provides an expression for the bias of the OLS estimator of the schooling coefficient in a simple static … wage-schooling model where earnings persistence is not accounted for. It is argued that the OLS estimator of the schooling …

estimate the total impact of an additional year of full-time schooling on both the mean and the shape of the conditional wage … distribution. The same exercise is also performed for part-time schooling. We find that the conditional average earnings return to … one year of part-time schooling is much lower than the analogous return to one year of full-time schooling. However, the …

background on employees’ earnings. To examine indirect effects we estimate the determinants of the employees’ years of schooling … interaction effects play an important role. The returns to schooling depend on the employees’ parental background. …

Research on determining what it is about schooling that the labor market rewards is scarce. This paper shows that when … speci…cally controlling for schooling cognitive skills (i.e. the capacity to process information and apply knowledge) and … not cognitive skills as a whole, a considerable share of the return to schooling is constituted of cognitive skills. This …

in explored, and, because of its potential importance, the linearity in schooling assumption is tested. The paper finds a … large and significant downward bias in the least squares estimate of the returns to schooling; the returns to schooling are …