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Compulsory Schooling and Returns to Education: A Re-Examination (2019)
Journal Article
van Huellen, S., & Qin, D. (2019). Compulsory Schooling and Returns to Education: A Re-Examination. Econometrics, 7(3), 36. https://doi.org/10.3390/econometrics7030036

This paper re-examines the instrumental variable (IV) approach to estimating returns to education by use of compulsory school law (CSL) in the US. We show that the IV-approach amounts to a change in model specification by changing the causal status o... Read More about Compulsory Schooling and Returns to Education: A Re-Examination.