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Title: Estimating the Returns to Schooling Using Cohort-Level Maternal Education as an Instrument

Citation Type: Working Paper

Publication Year: 2014

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Abstract: Formal education is widely thought to be a major determinant of individual earnings. This paper uses the American Community Survey to examine the effect of formal schooling on worker wages. Given the potential endogeneity of education decisions, I instrument for individual schooling using cohort-level mean maternal years of schooling from previous decennial censuses. The instrumental variables results suggest that schooling has a significant positive effect on worker wages. Specifically, an additional year or schooling is estimated to increase hourly wages by 10 percent for men and 12.6 percent for women.

Url: http://ftp.iza.org/dp8616.pdf

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Authors: Winters, John V

Series Title: IZA Dicussion Paper Series

Publication Number: 8616

Institution: IZA

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Data Collections: IPUMS USA

Topics: Education, Gender, Labor Force and Occupational Structure

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