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Replication of the results in ‘learning about heterogeneity in returns to schooling’

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  • Joshua C. C. Chan

Abstract

A recent article (Koop and Tobias, 2004) proposes a direct way to characterize the extent of heterogeneity in returns to education. They investigate the adequacy of several competing models and conclude that returns to schooling are heterogeneous and are best modelled as a bivariate normal distribution. The results of this replication paper basically agree with the authors. Copyright © 2005 John Wiley & Sons, Ltd.

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  • Joshua C. C. Chan, 2005. "Replication of the results in ‘learning about heterogeneity in returns to schooling’," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(3), pages 439-443, March.
    • Handle: RePEc:wly:japmet:v:20:y:2005:i:3:p:439-443
    DOI: 10.1002/jae.847
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    1. Koop, Gary M & Tobias, Justin, 2004. "Learning About Heterogeneity in Returns to Schooling," Staff General Research Papers Archive 12008, Iowa State University, Department of Economics.
    2. Card, David, 1999. "The causal effect of education on earnings," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 30, pages 1801-1863, Elsevier.
    3. Geweke, J, 1993. "Bayesian Treatment of the Independent Student- t Linear Model," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 8(S), pages 19-40, Suppl. De.
    4. O. Ashenfelter & D. Card (ed.), 1999. "Handbook of Labor Economics," Handbook of Labor Economics, Elsevier, edition 1, volume 3, number 3.
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