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Title: Estimating the Returns to Schooling: Some Econometric Problems
Resulting in 1 citation.
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Griliches, Zvi |
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Estimating the Returns to Schooling: Some Econometric Problems Econometrica 45,1 (January 1977): 1-22. Also: http://www.jstor.org/stable/1913285 Cohort(s): Young Men Publisher: Department of Economics, Northwestern University Keyword(s): Earnings; Educational Attainment; Schooling Permission to reprint the abstract has not been received from the publisher. This study surveys various econometric issues that arise in estimating a relationship between the logarithm of earnings, schooling, and other variables and focuses on the problem of "ability" as an omitted variable. The paper shows that in optimizing models the "ability bias" need not be positive. Using recent analyses from the NLS of Young Men, when schooling is treated symmetrically, is allowed to be subject to errors of measurement, and is correlated with the disturbance term, the usual conclusion of a significantly positive "ability bias" in the estimated schooling coefficients is not supported and possibly even reversed. |
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Bibliography Citation
Griliches, Zvi. "Estimating the Returns to Schooling: Some Econometric Problems." Econometrica 45,1 (January 1977): 1-22.
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