Estimating the returns to schooling: a l
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John K. Dagsvik; TorbjØrn HÆgeland; Arvid Raknerud
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Article
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2010
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John Wiley and Sons
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English
⚖ 237 KB
## Abstract In this paper we develop likelihood‐based methods for statistical inference in a joint system of equations for the choice of length of schooling and earnings. The model for schooling choice is assumed to be an ordered probit model, whereas the earnings equation contains variables that a