Search Results
Title: Wages of Very Young Men
Resulting in 1 citation.
| 1. |
Griliches, Zvi |
|
Wages of Very Young Men Journal of Political Economy 84,4 (August 1976): S69-S86. Also: http://www.jstor.org/stable/1831103 Cohort(s): Young Men Publisher: University of Chicago Press Keyword(s): Endogeneity; Family Background and Culture; I.Q.; Schooling; Test Scores/Test theory/IRT; Wages, Young Men; Work Knowledge The purpose of this paper is to replicate the results of an earlier study of "Education, Income, and Ability" (Griliches and Mason 1972) on a new set of data, the NLS of Young Men, focusing on the estimation of economic returns to school in the presence of individual differences in ability, errors in variables in the ability measures and the endogeneity of the schooling variable. The major conclusions are: (1) the treatment of "experience" matters. Using estimated experience instead of age changes the relative size of the estimated "ability bias"; (2) this bias is quite small, on the order of .01; (3) the contribution of the ability measures to the fit of the equation is miniscule; (4) family background variables are not significant on top of the schooling and ability variables, and (5) allowing for the endogeneity of schooling raises its coefficient significantly. There is no evidence of a "net" ability bias when the estimation method treats schooling and experience symmetrically with test scores. |
|
|
Bibliography Citation
Griliches, Zvi. "Wages of Very Young Men." Journal of Political Economy 84,4 (August 1976): S69-S86.
|