The return to schooling: estimates from a sample of young Australian twins
This study uses a sample of young Australian twins to examine whether the findings reported in Ashenfelter and Krueger (1994) and Miller, Mulvey, and Martin (1994) are robust to choice of sample and dependent variable. The economic return to schooling in Australia is between 5 and 7 percent when acc...
| Main Authors: | , , |
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| Format: | Journal Article |
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Elsevier BV * North-Holland
2006
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| Online Access: | http://hdl.handle.net/20.500.11937/15697 |
| _version_ | 1848748964457742336 |
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| author | Miller, Paul Mulvey, C. Martin, N. |
| author_facet | Miller, Paul Mulvey, C. Martin, N. |
| author_sort | Miller, Paul |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study uses a sample of young Australian twins to examine whether the findings reported in Ashenfelter and Krueger (1994) and Miller, Mulvey, and Martin (1994) are robust to choice of sample and dependent variable. The economic return to schooling in Australia is between 5 and 7 percent when account is taken of genetic and family effects using either fixed-effects models or the selection effects model of Ashenfelter and Krueger. Given the similarity of the findings in this and in related studies, it would appear that the models applied by Ashenfelter and Krueger are robust. Moreover, viewing the OLS and IV estimators as lower and upper bounds in the manner of Black, Berger and Scott (2000), it is shown that the bounds on the return to schooling in Australia are much tighter than in Ashenfelter and Krueger, and the return is bounded at a much lower level than in the US. |
| first_indexed | 2025-11-14T07:13:24Z |
| format | Journal Article |
| id | curtin-20.500.11937-15697 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:13:24Z |
| publishDate | 2006 |
| publisher | Elsevier BV * North-Holland |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-156972017-09-13T16:05:29Z The return to schooling: estimates from a sample of young Australian twins Miller, Paul Mulvey, C. Martin, N. Twins Ability Wages This study uses a sample of young Australian twins to examine whether the findings reported in Ashenfelter and Krueger (1994) and Miller, Mulvey, and Martin (1994) are robust to choice of sample and dependent variable. The economic return to schooling in Australia is between 5 and 7 percent when account is taken of genetic and family effects using either fixed-effects models or the selection effects model of Ashenfelter and Krueger. Given the similarity of the findings in this and in related studies, it would appear that the models applied by Ashenfelter and Krueger are robust. Moreover, viewing the OLS and IV estimators as lower and upper bounds in the manner of Black, Berger and Scott (2000), it is shown that the bounds on the return to schooling in Australia are much tighter than in Ashenfelter and Krueger, and the return is bounded at a much lower level than in the US. 2006 Journal Article http://hdl.handle.net/20.500.11937/15697 10.1016/j.labeco.2004.10.008 Elsevier BV * North-Holland restricted |
| spellingShingle | Twins Ability Wages Miller, Paul Mulvey, C. Martin, N. The return to schooling: estimates from a sample of young Australian twins |
| title | The return to schooling: estimates from a sample of young Australian twins |
| title_full | The return to schooling: estimates from a sample of young Australian twins |
| title_fullStr | The return to schooling: estimates from a sample of young Australian twins |
| title_full_unstemmed | The return to schooling: estimates from a sample of young Australian twins |
| title_short | The return to schooling: estimates from a sample of young Australian twins |
| title_sort | return to schooling: estimates from a sample of young australian twins |
| topic | Twins Ability Wages |
| url | http://hdl.handle.net/20.500.11937/15697 |