Economics, Econometrics and Finance
4 years ago

New Study Shows Higher Earnings for Spanish Workers with More Education

Labour
Returns to Schooling in Spain: How Reliable are Instrumental Variable Estimates?
Empar Pons, Maria Teresa Gonzalo

Paper Summary

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The article examines how much more money men in Spain make with more education. Regular estimates are often wrong because of mistakes or missing information. Special estimates fix these problems. The study shows that family background and having a college nearby are good ways to fix the mistakes. The special estimates say that having more education leads to even more money than regular estimates show.