Interpreting instrumental variables estimates of the returns to schooling

被引:64
作者
Kling, JR [1 ]
机构
[1] Princeton Univ, Dept Econ, Princeton, NJ 08544 USA
[2] Princeton Univ, Woodrow Wilson Sch, Princeton, NJ 08544 USA
关键词
average causal response weighting function; two-stage least squares; wages;
D O I
10.1198/073500101681020006
中图分类号
F [经济];
学科分类号
02 [经济学];
摘要
This article synthesizes economic insights from theoretical models of schooling choice based on individual benefits and econometric work interpreting instrumental variables estimates as weighted averages of individual-specitic causal effects. Linkages are illustrated using college proximity to instrument for schooling, After characterizing groups differentially affected by the instrument according to family background. I directly compute weights underlying estimation of the overall return. In analyzing the level of schooling at which individuals change their behavior in response to the instrument. I demonstrate that this instrument has its greatest impact on the transition from high school to college. Specification robustness is also examined.
引用
收藏
页码:358 / 364
页数:7
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