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Education returns of wage earners and self-employed workers: Comment

Henrik Jordahl (), Panu Poutvaara () and Juha Tuomala

Economics of Education Review, 2009, vol. 28, issue 5, 641-644

Abstract: In a recent paper, García-Mainar and Montuenga-Gómez [García-Mainar, I. & Montuenga-Gómez, V. M. (2005). Education returns of wage earners and self-employed workers: Portugal vs. Spain. Economics of Education Review, 24(2), 161-170] apply the generalized IV model of Hausman and Taylor to estimate education returns of wage earners and the self-employed in Portugal and in Spain. Our examination reveals several problems which relate to the validity and documentation of the instrumental variables, as well as the robustness of the results.

Keywords: Education; Entrepreneurship; Human; capital; EGIV; estimator (search for similar items in EconPapers)
Date: 2009
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