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Estimating the Returns to Schooling: Some Econometric Problems

✍ Scribed by Zvi Griliches


Book ID
118139261
Publisher
John Wiley and Sons
Year
1977
Tongue
English
Weight
571 KB
Volume
45
Category
Article
ISSN
0012-9682

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## 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