6533b823fe1ef96bd127ed38
RESEARCH PRODUCT
Economic Returns to Education in France: OLS and Instrumental Variable Estimations
Sajjad Haider BhattiJean BourdonAslam Muhammadsubject
[SHS.EDU]Humanities and Social Sciences/Education[SHS.EDU] Humanities and Social Sciences/EducationTwo-stage least squaresLeast squaresjel:P5Équation de Mincerjel:I20502 economics and businessStatisticsWage regressionEconomicsEconometricsjel:C1[ SHS.ECO ] Humanities and Social Sciences/Economies and financesEndogeneity050207 economics[SHS.ECO] Humanities and Social Sciences/Economics and FinanceEndogeneity biasRégression05 social sciencesInstrumental variableEconomic return050301 educationEndogeneity bias instrumental variable Mincerian model two-stage least squares wage regression France.[ SHS.EDU ] Humanities and Social Sciences/EducationSalaire[SHS.ECO]Humanities and Social Sciences/Economics and FinanceMincerian modelInstrumental variableVariable instrumentalejel:J38. Economic growthModèle mincérienFranceModèle des moindres carrés0503 educationBiais d'endogénéitédescription
En ligne sur : http://121.52.153.179/JOURNAL/LJE%20VOL%2018-2/Bhatti,%20Bourdon%20and%20Aslam.pdf; International audience; 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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2013-07-01 |