Estimates of the Causal Effects of Education on Earnings over the Lifecycle with Cohort Eects and Endogenous Education

Migali, Giuseppe and Walker, Ian (2011) Estimates of the Causal Effects of Education on Earnings over the Lifecycle with Cohort Eects and Endogenous Education. Working Paper. UNSPECIFIED. (Unpublished)

Preview

PDF - Draft Version
Download (534Kb) | Preview

Abstract

This paper acknowledges that the relationship between log wages and schooling is considerably more complex than the simple human capital earnings function suggests and that schooling is endogenous. We es- timate a model where educational attainment is discrete and ordered and log wages are determined by a simple function of work experience for each level of attainment. We distinguish between lifecycle and cohort effects by exploiting the fact that we have a short panel. We strongly reject both the usual separability assumption and exogeneity of educational attainment.

Item Type:	Monograph (Working Paper)
Uncontrolled Keywords:	Returns to education, Selection, Lifecycle, Cohort
Subjects:	UNSPECIFIED
Departments:	Lancaster University Management School > Economics
ID Code:	52301
Deposited By:	ep_importer_pure
Deposited On:	11 Jan 2012 16:32
Refereed?:	No
Published?:	Unpublished
Last Modified:	07 Jan 2013 08:58
Identification Number:
URI:	http://eprints.lancs.ac.uk/id/eprint/52301

Actions (login required)

View Item