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Are OLS Estimates of the Return to Schooling Biased Downward? Another Look

Citations

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Cited by:

  1. Jayasri Dutta & James Sefton & Martin Weale, 1999. "Education and public policy," Fiscal Studies, Institute for Fiscal Studies, vol. 20(4), pages 351-386, December.
  2. Marie Baguet & Céline Lecavelier des Etangs-Levallois, 2017. "Instrumenting education in France: Using May 1968 events as a natural experiment?," THEMA Working Papers 2017-13, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  3. Shelly Lundberg & Daniel Klepinger & Robert Plotnick, 1998. "Teen Childbearing and Human Capital: Does Timing Matter?," Working Papers 0057, University of Washington, Department of Economics.
  4. Neumark, David, 1999. "Biases in twin estimates of the return to schooling," Economics of Education Review, Elsevier, vol. 18(2), pages 143-148, April.
  5. Leigh, Andrew & Ryan, Chris, 2008. "Estimating returns to education using different natural experiment techniques," Economics of Education Review, Elsevier, vol. 27(2), pages 149-160, April.
  6. Simon Parker & Mirjam van Praag, 2004. "Schooling, Capital Constraints and Entrepreneurial Performance," Tinbergen Institute Discussion Papers 04-106/3, Tinbergen Institute, revised 07 Mar 2005.
  7. Stanovnik, Tine, 1997. "The returns to education in Slovenia," Economics of Education Review, Elsevier, vol. 16(4), pages 443-449, October.
  8. Dörte Dömeland, 2002. "How different are returns to education? Evidence from German school choices," Economics Working Papers 610, Department of Economics and Business, Universitat Pompeu Fabra.
  9. Dos Santos Marcelo Rodrigues, 2012. "Human Capital Formation and Criminal Behavior: The Role of Early Childhood Education," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-26, September.
  10. Fujimoto, Junichi & Meng, Xiangcai, 2019. "Curse or blessing: Investigating the education and income of firstborns and only boys," Journal of the Japanese and International Economies, Elsevier, vol. 53(C), pages 1-1.
  11. Koop, Gary & Leon-Gonzalez, Roberto & Strachan, Rodney, 2012. "Bayesian model averaging in the instrumental variable regression model," Journal of Econometrics, Elsevier, vol. 171(2), pages 237-250.
  12. Martin Nordin, 2008. "Ability and rates of return to schooling—making use of the Swedish enlistment battery test," Journal of Population Economics, Springer;European Society for Population Economics, vol. 21(3), pages 703-717, July.
  13. Noël Bonneuil* & Romina Boarini, 2004. "Preserving Transfer Benefit For Present And Future Generations," Mathematical Population Studies, Taylor & Francis Journals, vol. 11(3-4), pages 181-203.
  14. Tali Regev, 2007. "Imperfect information, self-selection and the market for higher education," Working Paper Series 2007-18, Federal Reserve Bank of San Francisco.
  15. Justin L. Tobias, 2003. "Are Returns to Schooling Concentrated Among the Most Able? A Semiparametric Analysis of the Ability–earnings Relationships," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(1), pages 1-29, February.
  16. Riphahn, Regina T. & Zibrowius, Michael, 2015. "Apprenticeship, Vocational Training and Early Labor Market Outcomes in East and West Germany," IZA Discussion Papers 8901, Institute of Labor Economics (IZA).
  17. Christiansen, Charlotte & Joensen, Juanna Schroter & Nielsen, Helena Skyt, 2007. "The risk-return trade-off in human capital investment," Labour Economics, Elsevier, vol. 14(6), pages 971-986, December.
  18. Ireland, Norman & Naylor, Robin A. & Smith, Jeremy & Telhaj, Shqiponja, 2009. "Educational returns, ability composition and cohort effects: theory and evidence for cohorts of early-career UK graduates," LSE Research Online Documents on Economics 28608, London School of Economics and Political Science, LSE Library.
  19. Powdthavee, Nattavudh & Adireksombat, Kampon, 2010. "From Classroom to Wedding Aisle: The Effect of a Nationwide Change in the Compulsory Schooling Law on Age at First Marriage in the UK," IZA Discussion Papers 5019, Institute of Labor Economics (IZA).
  20. Costas Meghir & Mårten Palme, 2003. "Ability, parental background and educational policy: empirical evidence from a social experiment," IFS Working Papers W03/05, Institute for Fiscal Studies.
  21. Delgado, Miguel A. & Arteaga-Molina, Luis A., 2021. "Testing constancy in varying coefficient models," Journal of Econometrics, Elsevier, vol. 222(1), pages 625-644.
  22. Mathias Kuepie & Christophe Nordman, 2011. "Éducation et marchés du travail à Brazzaville et Pointe Noire (Congo-Brazzaville)," Working Papers DT/2011/11, DIAL (Développement, Institutions et Mondialisation).
  23. Lídia Farré & Roger Klein & Francis Vella, 2013. "A parametric control function approach to estimating the returns to schooling in the absence of exclusion restrictions: an application to the NLSY," Empirical Economics, Springer, vol. 44(1), pages 111-133, February.
  24. Andrew M. Jones & Stefanie Schurer, 2011. "How does heterogeneity shape the socioeconomic gradient in health satisfaction?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 26(4), pages 549-579, June.
  25. Marc Gurgand, 1998. "Public Finance of Private Goods: A Discussion and Extension," Journal of Political Economy, University of Chicago Press, vol. 106(1), pages 226-255, February.
  26. Nattavudh Powdthavee, 2010. "Does Education Reduce the Risk of Hypertension? Estimating the Biomarker Effect of Compulsory Schooling in England," Journal of Human Capital, University of Chicago Press, vol. 4(2), pages 173-202.
  27. Hoogerheide, Lennart & Block, Joern H. & Thurik, Roy, 2012. "Family background variables as instruments for education in income regressions: A Bayesian analysis," Economics of Education Review, Elsevier, vol. 31(5), pages 515-523.
  28. Miller, Paul & Mulvey, Charles & Martin, Nick, 2006. "The return to schooling: Estimates from a sample of young Australian twins," Labour Economics, Elsevier, vol. 13(5), pages 571-587, October.
  29. C. Barros & F. Alves, 2003. "Human capital theory and social capital theory on sports management," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 9(3), pages 218-226, August.
  30. M. Christopher Auld & Nirmal Sidhu, 2005. "Schooling, cognitive ability and health," Health Economics, John Wiley & Sons, Ltd., vol. 14(10), pages 1019-1034, October.
  31. Ashenfelter, Orley & Harmon, Colm & Oosterbeek, Hessel, 1999. "A review of estimates of the schooling/earnings relationship, with tests for publication bias," Labour Economics, Elsevier, vol. 6(4), pages 453-470, November.
  32. Mathias Kuepié & Christophe J. Nordman, 2016. "Where Does Education Pay Off in Sub-Saharan Africa? Evidence from Two Cities of the Republic of Congo," Oxford Development Studies, Taylor & Francis Journals, vol. 44(1), pages 1-27, January.
  33. repec:zbw:rwirep:0008 is not listed on IDEAS
  34. Ge, Suqin, 2013. "Estimating the returns to schooling: Implications from a dynamic discrete choice model," Labour Economics, Elsevier, vol. 20(C), pages 92-105.
  35. de Baldini Rocha, Maúna Soares & Ponczek, Vladimir, 2011. "The effects of adult literacy on earnings and employment," Economics of Education Review, Elsevier, vol. 30(4), pages 755-764, August.
  36. Myck, Michal & Nici?ska, Anna & Morawski, Leszek, 2009. "Count Your Hours: Returns to Education in Poland," IZA Discussion Papers 4332, Institute of Labor Economics (IZA).
  37. Wambugu, Anthony, 2002. "Family Background, Education and Earnings in Kenya," Working Papers in Economics 76, University of Gothenburg, Department of Economics.
  38. Muhammad Nauman Malik & Masood Sarwar Awan, 2016. "Analysing Econometric Bias and Non-linearity in Returns to Education of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 55(4), pages 837-851.
  39. Colm Harmon & Hessel Oosterbeek & Ian Walker, 2000. "The returns to education : a review of evidence, issues and deficiencies in the literature," Open Access publications 10197/670, School of Economics, University College Dublin.
  40. repec:zbw:rwidps:0021 is not listed on IDEAS
  41. Kevin J Denny & Colm P Harmon & Vincent O’Sullivan, 2003. "Functional Literacy, Educational Attainment and Earnings - A Multi-Country Comparison," Working Papers 200319, School of Economics, University College Dublin.
  42. Inmaculada Garc�a Mainar & V�ctor M. Montuenga G�mez, 2004. "Returns to education and to experience within the EU: are there differences between wage earners and the self-employed?," Documentos de Trabajo dt2004-08, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
  43. Levin, Jesse & Plug, Erik J. S., 1999. "Instrumenting education and the returns to schooling in the Netherlands," Labour Economics, Elsevier, vol. 6(4), pages 521-534, November.
  44. Jochen Kluve & Boris Augurzky, 2007. "Assessing the performance of matching algorithms when selection into treatment is strong," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(3), pages 533-557.
  45. Daniel Klepinger & Shelly Lundberg & Robert Plotnick, 1999. "How Does Adolescent Fertility Affect the Human Capital and Wages of Young Women?," Journal of Human Resources, University of Wisconsin Press, vol. 34(3), pages 421-448.
  46. Gensowski, Miriam, 2018. "Personality, IQ, and lifetime earnings," Labour Economics, Elsevier, vol. 51(C), pages 170-183.
  47. Hanushek Eric A., 2005. "The Economics of School Quality," German Economic Review, De Gruyter, vol. 6(3), pages 269-286, August.
  48. Justin L. Tobias & Mingliang Li, 2004. "Returns to Schooling and Bayesian Model Averaging: A Union of Two Literatures," Journal of Economic Surveys, Wiley Blackwell, vol. 18(2), pages 153-180, April.
  49. Kuepie, Mathias & Nordman, Christophe J. & Roubaud, François, 2009. "Education and earnings in urban West Africa," Journal of Comparative Economics, Elsevier, vol. 37(3), pages 491-515, September.
  50. Rosella Gardecki & David Neumark, 1998. "Order from Chaos? The Effects of Early Labor Market Experiences on Adult Labor Market Outcomes," ILR Review, Cornell University, ILR School, vol. 51(2), pages 299-322, January.
  51. Pietro Giorgio Lovaglio, 2010. "The Estimation Of Human Capital By Administrative Archives In A Static And Longitudinal Perspective: The Case Of Milan," Journal of Economic Surveys, Wiley Blackwell, vol. 24(2), pages 280-308, April.
  52. Gustavo A. García & Diego René Gonzales-Miranda & Oscar Gallo & Juan Pablo Roman-Calderón, 2018. "Employee Involvement and Job Satisfaction: A Tale of the Millennial Generation," Documentos de Trabajo de Valor Público 16516, Universidad EAFIT.
  53. Manuel Salas Velasco, 2004. "Rendimientos privados de las inversiones en educación superior a partir de ecuaciones de ingresos," Hacienda Pública Española / Review of Public Economics, IEF, vol. 169(2), pages 87-117, June.
  54. Mercedes Teijeiro Álvarez & María Jesús Freire Seoane, 2010. "Las ecuaciones de Mincer y las tasas de rendimiento de la educación en Galicia," Investigaciones de Economía de la Educación volume 5, in: María Jesús Mancebón-Torrubia & Domingo P. Ximénez-de-Embún & José María Gómez-Sancho & Gregorio Gim (ed.), Investigaciones de Economía de la Educación 5, edition 1, volume 5, chapter 14, pages 285-304, Asociación de Economía de la Educación.
  55. Bedi, Arjun S. & Gaston, Noel, 1999. "Using variation in schooling availability to estimate educational returns for Honduras," Economics of Education Review, Elsevier, vol. 18(1), pages 107-116, February.
  56. Sang-Hyop Lee, 2005. "Generalists and Specialists, Ability and Earnings," Working Papers 200502, University of Hawaii at Manoa, Department of Economics.
  57. Augurzky, Boris & Kluve, Jochen, 2004. "Assessing the performance of matching algorithms when selection into treatment is strong," RWI Discussion Papers 21, RWI - Leibniz-Institut für Wirtschaftsforschung.
  58. Barros, Carlos Pestana & Nunes, Francisco, 2008. "Social capital in non-profit organizations: A multi-disciplinary perspective," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(4), pages 1554-1569, August.
  59. Bronars, Stephen G. & Oettinger, Gerald S., 2006. "Estimates of the return to schooling and ability: evidence from sibling data," Labour Economics, Elsevier, vol. 13(1), pages 19-34, February.
  60. Geraint Johnes, 1999. "Schooling, fertility and the labour market experience of married women," Applied Economics, Taylor & Francis Journals, vol. 31(5), pages 585-592.
  61. Deng, Binbin, 2010. "Schooling and Wage Revisited: Does Higher IQ Really Give You Higher Income?," MPRA Paper 23206, University Library of Munich, Germany.
  62. Deepankar Basu, 2018. "Bias of OLS Estimators due to Exclusion of Relevant Variables and Inclusion of Irrelevant Variables," UMASS Amherst Economics Working Papers 2018-19, University of Massachusetts Amherst, Department of Economics.
  63. Keng, Shao-Hsun, 1998. "The demand for health, alcohol abuse, and labor market outcomes: a longitudinal study," ISU General Staff Papers 1998010108000012934, Iowa State University, Department of Economics.
  64. Mwangi S. Kimenyi & Germano Mwabu & Damiano Kulundu Manda, 2006. "Human Capital Externalities and Private Returns to Education in Kenya," Eastern Economic Journal, Eastern Economic Association, vol. 32(3), pages 493-513, Summer.
  65. Ides Nicaise, 2001. "Human capital, reservation wages and job competition: Heckman's lambda re-interpreted," Applied Economics, Taylor & Francis Journals, vol. 33(3), pages 309-315.
  66. Jochen Kluve & Boris Augurzky, 2005. "Assessing the performance of matching algorithms when selection into treatment is strong," RWI Discussion Papers 0021, Rheinisch-Westfälisches Institut für Wirtschaftsforschung.
  67. Eric A. Hanushek & Ludger Woessmann, 2008. "The Role of Cognitive Skills in Economic Development," Journal of Economic Literature, American Economic Association, vol. 46(3), pages 607-668, September.
  68. McGuckin, Robert H. & Nguyen, Sang V., 2001. "The impact of ownership changes: a view from labor markets," International Journal of Industrial Organization, Elsevier, vol. 19(5), pages 739-762, April.
  69. Jacques, Charles & Brorsen, B. Wade & Richter, Francisca G. C., 2000. "Consolidating Rural School Districts: Potential Savings and Effects on Student Achievement," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(3), pages 573-583, December.
  70. Michael R. Pergamit, 2001. "The National Longitudinal Surveys," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 239-253, Spring.
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  72. Eric A. Hanushek, 2008. "Incentives for Efficiency and Equity in the School System," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(s1), pages 5-27, May.
  73. Unnever, James D. & Kerckhoff, Allan C. & Robinson, Timothy J., 2000. "District variations in educational resources and student outcomes," Economics of Education Review, Elsevier, vol. 19(3), pages 245-259, June.
  74. Li, Jinhu & Powdthavee, Nattavudh, 2015. "Does more education lead to better health habits? Evidence from the school reforms in Australia," Social Science & Medicine, Elsevier, vol. 127(C), pages 83-91.
  75. Regev Tali, 2012. "Education Signaling with Uncertain Returns," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 12(1), pages 1-31, August.
  76. Murinde, Victor, 2001. "Financing Business School Education: What Are the Economic Returns and Implications for Africa?," General Discussion Papers 30565, University of Manchester, Institute for Development Policy and Management (IDPM).
  77. Blackburn, McKinley L., 2004. "The role of test scores in explaining race and gender differences in wages," Economics of Education Review, Elsevier, vol. 23(6), pages 555-576, December.
  78. Widdi MUGIJAYANI & Shandre Titik ANAS & Erizqa MAHARDHIKA & Yolanda ORIENT, 2024. "The COVID-19 Pandemic, Structural Transformation, and Training Programme Outcomes in Indonesia," Working Papers DP-2024-15, Economic Research Institute for ASEAN and East Asia (ERIA).
  79. Ahmad Rizki Sridadi & Gigih Prihantono, 2018. "Gender Inequality in Wage Rate in Indonesia," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(3), pages 160-160, February.
  80. Andrew M. Jones & Stefanie Schurer, 2007. "How Does Heterogeneity Shape the Socioeconomic Gradient in Health Satisfaction?," Ruhr Economic Papers 0008, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  81. Carlos Pestana Barros, 2001. "Economic Return on Schooling for Soccer Players," Journal of Sports Economics, , vol. 2(4), pages 369-378, November.
  82. Dougherty, Christopher, 2003. "Numeracy, literacy and earnings: evidence from the National Longitudinal Survey of Youth," Economics of Education Review, Elsevier, vol. 22(5), pages 511-521, October.
  83. Deepankar Basu, 2018. "When Can We Determine the Direction of Omitted Variable Bias of OLS Estimators?," UMASS Amherst Economics Working Papers 2018-16, University of Massachusetts Amherst, Department of Economics.
  84. Lovaglio, Pietro Giorgio, 2008. "Process of accumulation of Italian human capital," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 342-356, December.
  85. Hanushek, Eric A., 2006. "Alternative school policies and the benefits of general cognitive skills," Economics of Education Review, Elsevier, vol. 25(4), pages 447-462, August.
  86. John Robst & Kimmarie Mcgoldrick, 1997. "Frontier estimation of changes in Workers' labor market information," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 25(4), pages 386-402, December.
  87. Dale J. Poirier & Gary Koop & Justin Tobias, 2005. "Semiparametric Bayesian inference in multiple equation models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(6), pages 723-747.
  88. Charles F. Manski & John V. Pepper, 2000. "Monotone Instrumental Variables, with an Application to the Returns to Schooling," Econometrica, Econometric Society, vol. 68(4), pages 997-1012, July.
  89. Uusitalo, Roope, 1999. "Return to education in Finland," Labour Economics, Elsevier, vol. 6(4), pages 569-580, November.
  90. Griffin, Peter & Ganderton, Philip T., 1996. "Evidence on omitted variable bias in earnings equations," Economics of Education Review, Elsevier, vol. 15(2), pages 139-148, April.
  91. Robert J. Lemke & Isaac C. Rischall, 2003. "Skill, parental income, and IV estimation of the returns to schooling," Applied Economics Letters, Taylor & Francis Journals, vol. 10(5), pages 281-286, April.
  92. Carlos Santos & José Cabral Vieira, 2012. "An Analysis of Visitors' Expenditures in a Tourist Destination: OLS, Quantile Regression and Instrumental Variable Estimators," Tourism Economics, , vol. 18(3), pages 555-576, June.
  93. Hanushek, Eric A. & Luque, Javier A., 2003. "Efficiency and equity in schools around the world," Economics of Education Review, Elsevier, vol. 22(5), pages 481-502, October.
  94. Carlos Pestana Barros & J.C. Gomes Santos, 2003. "Earnings and Schooling of Cooperative Managers," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 74(3), pages 349-364, September.
  95. Muhamad Purnagunawan, 2008. "Earning Motivation and The Conventional Earning Function," Working Papers in Economics and Development Studies (WoPEDS) 200805, Department of Economics, Padjadjaran University, revised Sep 2008.
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  98. Carlos Pestana Barros, 2006. "Earnings, Schooling and Social Capital of Cooperative Managers," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 77(1), pages 1-20, March.
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