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Research output: Working paper
Research output: Working paper
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TY - UNPB
T1 - Estimates of the causal effects of education on earnings over the lifecycle with cohort effects and endogenous education
AU - Migali, Giuseppe
AU - Walker, Ian
PY - 2011
Y1 - 2011
N2 - 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 exogeneityof educational attainment.
AB - 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 exogeneityof educational attainment.
KW - Returns to education
KW - Selection
KW - Lifecycle
KW - Cohort
M3 - Working paper
T3 - Economics Working Paper Series
BT - Estimates of the causal effects of education on earnings over the lifecycle with cohort effects and endogenous education
PB - Lancaster University, Department of Economics
CY - Lancaster
ER -