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|Longitudinal Study:||HILDA||Title:||Estimating the return to Endogenous Schooling Decisions for Australian Workers via Conditional Second Moments||Authors:||Klein, R
|Institution:||IZA||Publication Date:||Oct-2006||Pages:||31||Keywords:||returns to schooling
|Abstract:||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.||URL:||http://ftp.iza.org/dp2407.pdf||Research collection:||Reports and technical papers|
|Appears in Collections:||Reports|
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