Template-Type: ReDIF-Paper 1.0
Author-Name: Giuseppe Migali
Author-Name-First: Giuseppe
Author-Name-Last: Migali
Author-Name: Ian Walker
Author-Name-First: Ian
Author-Name-Last: Walker
Title: Estimates of the causal effects of education on earnings over the lifecycle with cohort effects and endogenous education
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 estimate 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<br/>of educational attainment.
Creation-Date: 2011
File-URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/CausalEffectsEducationEarnings.pdf
File-Format: application/pdf
Number: 2248796
Classification-JEL: 
Keywords: Returns to education, Selection, Lifecycle, Cohort
Handle: RePEc:lan:wpaper:2248796