全球智库信息集成服务系统(G2TT): Using Heteroscedasticity to Estimate the Returns to Education

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w9145
来源ID	Working Paper 9145
	Using Heteroscedasticity to Estimate the Returns to Education
	Vincent Hogan; Roberto Rigobon
发表日期	2002-09-01
出版年	2002
语种	英语
摘要	We apply a new estimator to the measurement of the economic returns to education. We control for endogenous education, unobserved ability and measurement error using only the natural heteroscedasticty of wages and education attainment. Our prefered estimate, 6.07%, is closer to the OLS estimate but smaller (and more precise) than the estimates typically reported by studies that use IV. Our results indicate that the biases generated by unobserved ability and measurement error tend to cancel each other out as suggested by Griliches (1977). We also present Monte Carlo evidence to show that the finite sample bias our estimator is small.
主题	Econometrics ; Estimation Methods ; Health, Education, and Welfare ; Education
URL	https://www.nber.org/papers/w9145
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/566758
推荐引用方式 GB/T 7714	Vincent Hogan,Roberto Rigobon. Using Heteroscedasticity to Estimate the Returns to Education. 2002.