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Estimates Of The Economic Returns To Schooling From A New Sample Of Twins
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Book Synopsis Estimates of the Economic Return to Schooling from a New Sample of Twins by : Orley Ashenfelter
Download or read book Estimates of the Economic Return to Schooling from a New Sample of Twins written by Orley Ashenfelter and published by . This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a new survey to contrast the wages of genetically identical twins with different schooling levels. Multiple measurements of schooling levels were also collected to assess the effect of reporting error on the estimated economic returns to schooling. The data indicate that omitted ability variables do not bias the estimated return to schooling upward, but that measurement error does bias it downward. Adjustment for measurement error indicates that an additional year of schooling increases wages by 16%, a higher estimate of the economic returns to schooling than has been previously found.
Book Synopsis Estimates of the Economic Returns to Schooling from a New Sample of Twins by : Orley Ashenfelter
Download or read book Estimates of the Economic Returns to Schooling from a New Sample of Twins written by Orley Ashenfelter and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Further Estimates of the Economic Return to Schooling from a New Sample of Twins by : Cecilia Elena Rouse
Download or read book Further Estimates of the Economic Return to Schooling from a New Sample of Twins written by Cecilia Elena Rouse and published by . This book was released on 1997 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Income, Schooling, and Ability by : Orley Ashenfelter
Download or read book Income, Schooling, and Ability written by Orley Ashenfelter and published by . This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Estimates of the Economic Return to Schooling from a New Sample of Twins by :
Download or read book Estimates of the Economic Return to Schooling from a New Sample of Twins written by and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis What Do Twins Studies Tell Us about the Economic Returns to Education? by : Paul William Miller
Download or read book What Do Twins Studies Tell Us about the Economic Returns to Education? written by Paul William Miller and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the economic returns to education is undertaken using a rich and particularly large sample of twins (1170 pairs). The findings are placed in the context of certain existing American work, the study by Behrman et al (1977) and the recent innovative analysis by Ashenfelter and Krueger (1993). Following Ashenfelter and Krueger (1993) both fixed effects and selection effects models are estimated and correction is made for measurement error in self reported schooling levels. The basic findings are rather similar to those of Behrman et al (1977). However, they contrast sharply with those of Ashenfelter and Krueger (1993) who report that the conventional estimate of the rate of return almost doubles to 13 - 18 per cent when correction is made for measurement error and that there is no role for family effects in this relationship. The main finding is that the rate of return of schooling is in the range of 4 - 8 per cent and that there is a role for at least the genetic component of family effects in the relationship between schooling and income.
Download or read book Double Trouble written by John Bound and published by . This book was released on 1998 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several recent studies use the schooling and wage variation between monozygotic twins to estimate the return to schooling. In this paper, we summarize the results from this literature, and we examine the implications of endogenous determination of which twin goes to school longer and of measuring schooling with (possibly mean-reverting) error. Endogeneity of between-twins schooling variation is strongly suggested by the extensive (mostly non-economic) literature documenting that the between-twins difference in birth weight is correlated with the between-twins differences in both schooling and IQ. We conclude that twins-based estimation is vulnerable to the same sort of inconsistency that afflicts conventional cross-sectional estimation. We argue, however, that, if one starts with the presumption that endogenous schooling induces upward inconsistency in the estimated return to schooling, the new twins-based estimates may complement other approaches to tightening the upper bound on the return to schooling.
Book Synopsis Economic Applications of Quantile Regression by : Bernd Fitzenberger
Download or read book Economic Applications of Quantile Regression written by Bernd Fitzenberger and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantile regression has emerged as an essential statistical tool of contemporary empirical economics and biostatistics. Complementing classical least squares regression methods which are designed to estimate conditional mean models, quantile regression provides an ensemble of techniques for estimating families of conditional quantile models, thus offering a more complete view of the stochastic relationship among variables. This volume collects 12 outstanding empirical contributions in economics and offers an indispensable introduction to interpretation, implementation, and inference aspects of quantile regression.
Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter
Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 1999-11-18 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.
Book Synopsis Returns to Education by : Dorothe Bonjour
Download or read book Returns to Education written by Dorothe Bonjour and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a new sample of UK female identical twins to estimate private economic returns to education. We report findings in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education reported by the other twin to control for schooling measurement error. Our estimates suggest a return to schooling for UK females of about 7.7%. Second, we investigate within-twin pair ability differences by examining within-twin pair and between-family correlations of education with observable correlates of ability (including birthweight, ability tests and reading scores). Our findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking we show smoking reflects family background and using it as an instrument exacerbates ability bias.
Book Synopsis Earnings and Schooling by : Paul W. Miller
Download or read book Earnings and Schooling written by Paul W. Miller and published by . This book was released on 1995 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews four economic studies of aspects of earnings and schooling conducted using data from the Australian Twin Register. First, estimates of the economic returns to schooling made using fixed effects and selection effects regression models incorporating an instrumental variables approach to correct for measurement error in self reported schooling levels are examined. The finding is that up to 30 per cent of the estimated return to schooling may be due to family effects and the remainder to pure educational effects. Second, comparisons are made between the economic model of Ashenfelter and Krueger (1994) and that of DeFries and Fulker (1985) and the results obtained from each are shown to be similar. Third, gender differences in returns to schooling are estimated and family effects are found to be a more important influence in the case of males. Fourth, the influence of family effects on educational attainments is accounted for by genetic inheritance and up to another quarter due to shared environmental effects.
Author :Jere R. Behrman Publisher :Amsterdam ; New York : North-Holland Publishing Company ; New York : sole distributors for the U.S.A. and Canada, Elsevier North-Holland ISBN 13 : Total Pages :306 pages Book Rating :4.X/5 ( download)
Book Synopsis Socioeconomic Success by : Jere R. Behrman
Download or read book Socioeconomic Success written by Jere R. Behrman and published by Amsterdam ; New York : North-Holland Publishing Company ; New York : sole distributors for the U.S.A. and Canada, Elsevier North-Holland. This book was released on 1980 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economics of Education by : Dominic J. Brewer
Download or read book Economics of Education written by Dominic J. Brewer and published by Elsevier. This book was released on 2010-01-26 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of short, stand-alone chapters divided into five sections including overview of the field; private and social returns to human capital investments; production, costs and ?nancing of education; teachers and teacher labor markets; and education markets, choice and incentives. The collection provides international perspectives that describe the origins of these subjects, their major issues and proponents, their landmark studies, and opportunities for future research. The 70 contributors are each well-regarded economists whose research has advanced the topic on which they write, and this book fulfills an undersupplied niche for a text in the economics of education. The chapters come from the acclaimed International Encyclopedia of Education, 3e (2010), edited by Eva Baker, Barry McGaw, and Penelope Peterson. The Encyclopedia contains over 1,350 articles in 24 sections that stretch from educational philosophies and technologies to measurement, leadership, and national systems of education. - This single volume textbook presents a cohesive view of this increasingly important area ofeconomics - Superb contributions from well-regarded economist convey unique and useful perspectives - Chapters contain an extensive bibliography and further readings to enable interestedresearchers to extend their knowledge into each speci?c topic
Book Synopsis Returns to Education by : Dorothe Bonjour
Download or read book Returns to Education written by Dorothe Bonjour and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter
Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-12-09 with total page 863 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.
Book Synopsis Estimates of the Returns to Schooling from Sibling Data by : Orley Ashenfelter
Download or read book Estimates of the Returns to Schooling from Sibling Data written by Orley Ashenfelter and published by . This book was released on 1993 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we use data on brothers, and fathers and sons, to estimate the economic returns to schooling. Our goal is to determine whether the correlation between earnings and schooling is due, in part, to the correlation between family backgrounds and schooling. The basic idea is to contrast the differences between the schooling of brothers, and fathers and sons, with the differences in their respective earnings. Since individuals linked by family affiliation are more likely to have similar innate ability and family backgrounds than randomly selected individuals our procedure provides a straightforward control for unobserved family attributes. Our empirical results indicate that in the sample of brothers the ordinary least squares estimates of the return to schooling may be biased upward by some 25% by the omission of family background factors. Adjustments for measurement error, however, imply that the intrafamily estimate of the returns to schooling is biased downward by about 25% also, so that the ordinary least squares estimate suffers from very little overall bias. Using data on fathers and sons introduces some ambiguity into these findings, as commonly used specification tests reject our simplest models of the role of family background in the determination of earnings.
Book Synopsis Estimating the Returns to Education Using a New Sample of UK Twins by : J. E. Haskel
Download or read book Estimating the Returns to Education Using a New Sample of UK Twins written by J. E. Haskel and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
