Research

The causal effect of education on wages revisited


Reference:

Dickson, M., 2013. The causal effect of education on wages revisited. Oxford Bulletin of Economics and Statistics, 75 (4), pp. 477-498.

Related documents:

This repository does not currently have the full-text of this item.
You may be able to access a copy if URLs are provided below. (Contact Author)

Official URL:

http://dx.doi.org/10.1111/j.1468-0084.2012.00708.x

Abstract

This study estimates the return to education in Britain using two instrumental variable (IV) estimators: one exploits variation in schooling associated with early smoking, the other uses the raising of the school leaving age; both affect a sizeable proportion of the sample. Early smoking is found to be a strong and valid IV and unlike previous IV strategies uses variations in education at numerous points across the distributions of (i) education, and (ii) ability. Thus whilst still a ‘local average treatment effect’ the estimate is closer to the average effect of additional education, akin to least squares but corrected for endogeneity.

Details

Item Type Articles
CreatorsDickson, M.
DOI10.1111/j.1468-0084.2012.00708.x
Uncontrolled Keywordspoverty, work, justice
DepartmentsFaculty of Humanities & Social Sciences > Social & Policy Sciences
Research CentresInstitute for Policy Research
Centre for Analysis of Social Policy (CASP)
RefereedYes
StatusPublished
ID Code31870

Export

Actions (login required)

View Item