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ERIC Number: EJ860605
Record Type: Journal
Publication Date: 2009
Pages: 19
Abstractor: As Provided
Reference Count: 16
ISBN: N/A
ISSN: ISSN-0022-166X
Estimating the Return to Endogenous Schooling Decisions via Conditional Second Moments
Klein, Roger; Vella, Francis
Journal of Human Resources, v44 n4 p1047-1065 Fall 2009
This paper employs conditional second moments to identify the impact of education in wage regressions where education is treated as endogenous. This approach avoids the use of instrumental variables in a setting where instruments are frequently not available. We employ this methodology to estimate the returns to schooling for a sample of Australian workers. We find that accounting for the endogeneity of education in this manner increases the estimated return to education from 6 percent to 10 percent. (Contains 3 tables and 8 footnotes.)
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Australia