Compulsory Schooling and Returns to Education: A Re-Examination
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DOI: 10.3390/econometrics7030036
Abstract: This paper re-examines the instrumental variable (IV) approach to estimating returns to education by use of compulsory school law (CSL) in the US. We show that the IV-approach amounts to a change in model specification… read more here.
Keywords: compulsory schooling; returns education; education examination; approach ... See more keywords