Educational choice, wage determination, and rates of return to education in Taiwan

被引：2

作者：

Chuang Y.-C. ^{[1
]}

Chao C.-Y. ^{[2
]}

机构：

[1] National Chengchi University,

[2] Jin Wen Institute of Technology,undefined

来源：

International Advances in Economic Research | 2001年 / 7卷 / 4期

关键词：

Economic Growth; Selection Bias; Estimation Method; Survey Data; Educational Attainment;

D O I：

10.1007/BF02295776

中图分类号：

学科分类号：

摘要：

This paper estimates educational choice, wage determination, and the rate of return to education in Taiwan using Taiwan's Manpower Utilization Survey data of 1996. As education investment is a self-selection process, this paper adopts a two-stage estimation method. First, a polychotomous orderedprobit model is used to estimate the education decision. Second, the wage equations of different educational attainments are estimated by incorporating the possible selection bias obtained in the probit model. Finally, rates of return on each education level are calculated from the estimation results. (JEL 121, J24, J31).

引用

页码：479 / 504

页数：25

共 24 条

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