sibling data를 이용한 교육투자수익률 추정
Estimating the Rate of Return to Education by Using Sibling Data
- 주제(키워드) sibling data , return to schooling
- 발행기관 서강대학교대학원 경제학과
- 지도교수 김홍균
- 발행년도 2009
- 학위수여년월 2009. 8
- 학위명 석사
- 학과 일반대학원 경제학과
- 실제URI http://www.dcollection.net/handler/sogang/000000045451
- 본문언어 한국어
- 저작권 서강대학교의 논문은 저작권에 의해 보호받습니다
초록/요약
This paper shows that the case of ordinal wage equation which is not reflect sibling's educational level may be biased upward due to omitted variables. According to the result, When sibling's educational level is included in wage equation, the rate of return to education is reduced by 41.7% for sibling1 and 61.2% for sibling2. Also, adjustments for measurement error, the rate of return to education is reduced. It shows that the upward bias is estimated the rate of return to education due to omitted variables is larger than the downward bias due to error in the measurement of education.
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