| Autor: |
Andini, Corrado, Santos, José Eusébio |
| Předmět: |
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| Zdroj: |
Journal of Economic Studies; 2024, Vol. 51 Issue 2, p319-337, 19p |
| Abstrakt: |
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. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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