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Author: Santos, José E.
Resulting in 1 citation.
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Andini, Corrado Santos, José E. |
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Current Earnings, Persistence and Schooling Returns Journal of Economic Studies published online (26 June 2023). Also: https://www.emerald.com/insight/content/doi/10.1108/JES-12-2022-0630/full/html Cohort(s): NLSY79 Publisher: Emerald Keyword(s): Modeling, Dynamic; Schooling; Wage Inequality; Wages Permission to reprint the abstract has not been received from the publisher. Purpose: The aim is to study the impact of schooling on between-groups wage inequality beyond the lens of the standard approach in the literature. Design/methodology/approach: Simple econometric theory is used to make the main point of the paper. Supporting empirical evidence is also presented. Findings: Disregarding the persistence of current earnings implies a bias in the estimation of the wage return to schooling both at labour-market entry and in the rest of the working life. Research limitations/implications: The use of current earnings as a dependent variable in wage-schooling models may be problematic and requires specific handling. Social implications: The impact of schooling on the between-groups dimension of wage inequality may be different than previously thought. Originality/value: The paper is the first to show that, when current earnings are used as a dependent variable, the identification of a wage-schooling model with the standard (time-invariant external instrument-variable) approach may lead to misleading conclusions. |
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Bibliography Citation
Andini, Corrado and José E. Santos. "Current Earnings, Persistence and Schooling Returns." Journal of Economic Studies published online (26 June 2023).
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