The Marginal about Average Returns to Schooling

Colm Harmon and Ian Walker ()

Working Papers from College Dublin, Department of Political Economy-

Abstract: The main contribution of this paper are that : the possibility that different instruments may affect different margins in explored, and, because of its potential importance, the linearity in schooling assumption is tested. The paper finds a large and significant downward bias in the least squares estimate of the returns to schooling; the returns to schooling are significantly different from being linear, and that the estimates are stable with respect to the choice of instrument

Keywords: SCHOOLING; WAGES (search for similar items in EconPapers)
JEL-codes: I21 J24 J31 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1996
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:dublec:96/20

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