Returns to Education in Greece: Causal Evidence from the 1977 Labor Market Survey

Harry Patrinos

No 18156, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We estimate the causal effect of schooling on log earnings using instrumental variables (IV), addressing the endogeneity of schooling by using father’s education as an instrument. The IV estimate implies a return of approximately 7.7 percent per additional year of schooling. First-stage and endogeneity tests confirm instrument strength and the need for IV.

Keywords: instrumental variables; returns to education; causal impact (search for similar items in EconPapers)
JEL-codes: I2 I26 J24 J31 (search for similar items in EconPapers)
Date: 2025-10
References: Add references at CitEc
Citations:

Downloads: (external link)
https://docs.iza.org/dp18156.pdf (application/pdf)

Related works:
Working Paper: Returns to education in Greece: Causal evidence from the 1977 labor market survey (2025)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp18156

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().