Migali, Giuseppe and Walker, Ian (2011) Estimates of the causal effects of education on earnings over the lifecycle with cohort effects and endogenous education. Working Paper. Lancaster University Management School, Lancaster. (Unpublished)

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Abstract

This paper acknowledges that the relationship between log wages and schooling is considerably more complex than the simple human capital earnings function suggests and that schooling is endogenous. We estimate a model where educational attainment is discrete and ordered and log wages are determined by a simple function of work experience for each level of attainment. We distinguish between lifecycle and cohort effects by exploiting the fact that we have a short panel. We strongly reject both the usual separability assumption and exogeneity of educational attainment.

Item Type:	Working or Discussion Paper (Working Paper)
Subjects:	H Social Sciences > HB Economic Theory L Education > L Education (General)
Divisions:	Faculty of Social Sciences > Economics
Series Name:	Lancaster University Economics Working Paper Series
Publisher:	Lancaster University Management School
Place of Publication:	Lancaster
Date:	8 July 2011
Number of Pages:	40
Status:	Not Peer Reviewed
Publication Status:	Unpublished
Access rights to Published version:	Open Access
Related URLs:	Publisher
URI:	http://wrap.warwick.ac.uk/id/eprint/45713

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