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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 (Unpublished)

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    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    Published?: Unpublished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

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