The return to schooling: estimates from a sample of young Australian twins
MetadataShow full item record
This study uses a sample of young Australian twins to examine whether the findings reported in Ashenfelter and Krueger (1994) and Miller, Mulvey, and Martin (1994) are robust to choice of sample and dependent variable. The economic return to schooling in Australia is between 5 and 7 percent when account is taken of genetic and family effects using either fixed-effects models or the selection effects model of Ashenfelter and Krueger. Given the similarity of the findings in this and in related studies, it would appear that the models applied by Ashenfelter and Krueger are robust. Moreover, viewing the OLS and IV estimators as lower and upper bounds in the manner of Black, Berger and Scott (2000), it is shown that the bounds on the return to schooling in Australia are much tighter than in Ashenfelter and Krueger, and the return is bounded at a much lower level than in the US.
Showing items related by title, author, creator and subject.
Gurrib, Muhammad Ikhlaas (2008)This study gives an insight into the behaviour and performance of large speculators and large hedgers in 29 US futures markets. Using a trading determinant model and priced risk factors such as net positions and sentiment ...
GNSS-based monitoring and mapping of shoreline position in support of planning and management of Matinhos/PR (Brazil)Gonçalves, R.; Awange, Joseph; Krueger, C. (2013)Monitoring and mapping variations in shoreline location is an activity that can be undertaken using several different techniques of data collection, e.g., photogrammetric restitution, satellite images, LiDAR (Light Detection ...
Krueger, Barry (1999)The purpose of this study was to develop a better understanding of the patterns of science achievement for 154 ninth-grade girls and boys on multiple-choice and short-answer constructed-response items. The study was guided ...