The paper shows why considering a number of education-dependent covariates in a wage equation decreases the coefficient of education in that equation. This result is illustrated empirically with a meta-analysis for Portugal. The education coefficient decreases when covariates are used that can be considered post-education decisions; on the other hand, it is independent of sample size, tenure and whether hourly or monthly wages are used. These results support the use of a simple specification of the Mincer equation for the study of the total returns to education.
机构:
Departamento de Economia Aplicada, Fac. Económicas, Universidad de Vigo, Pontevedra, Lagoas Marcosende snDepartamento de Economia Aplicada, Fac. Económicas, Universidad de Vigo, Pontevedra, Lagoas Marcosende sn
González X.
Miles D.
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Departamento de Economia Aplicada, Fac. Económicas, Universidad de Vigo, Pontevedra, Lagoas Marcosende snDepartamento de Economia Aplicada, Fac. Económicas, Universidad de Vigo, Pontevedra, Lagoas Marcosende sn
机构:
Univ North Carolina Greensboro, Dept Econ, Greensboro, NC 27412 USAUniv North Carolina Greensboro, Dept Econ, Greensboro, NC 27412 USA
Bray, Jeremy W.
Hinde, Jesse M.
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RTI Int, Durham, NC USA
Univ North Carolina Chapel Hill, Dept Publ Policy, Chapel Hill, NC USAUniv North Carolina Greensboro, Dept Econ, Greensboro, NC 27412 USA
Hinde, Jesse M.
Aldridge, Arnie P.
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RTI Int, Durham, NC USAUniv North Carolina Greensboro, Dept Econ, Greensboro, NC 27412 USA