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Are OLS Estimates of the Return to Schooling Biased Downward? Another Look

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NBER1993-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4259
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We examine evidence on omitted-ability bias in estimates of the economic return to schooling, using proxies for unobserved ability. We consider measurement error in these ability proxies and the potential endogeneity of both experience and schooling, and examine wages at labor market entry and later
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1993-01-01
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