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2013
- handle: 10670/1.2cnfow
- halshs: halshs-00955559
Mots-clés
Endogeneity bias Instrumental variable Mincerian model Two-stage least squares Wage regression France Biais d'endogénéité Variable instrumentale Modèle mincérien Équation de Mincer Modèle des moindres carrés Régression SalaireSujets proches
Students--Education Children--Education Education of children Schooling Pedagogy Youth--Education Instruction Education, Primitive Human resource developmentCiter ce document
Sajjad Haider Bhatti et al., « Economic Returns to Education in France: OLS and Instrumental Variable Estimations », HAL-SHS : sciences de l'éducation, ID : 10670/1.2cnfow
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Résumé
This article estimates the economic returns to schooling as well as analyzing other explanatory factors for the French labor market. It addresses the issue of endogeneity bias and proposes two new instruments for use in the instrumental variable two-stage least squares technique. Our results show that the proposed instruments are relevant and adequate, based on evidence from the available literature. After using the proposed instruments, we find that the OLS coefficients for schooling are biased downwards. Finally, we choose between the two proposed instruments.