Kézdi, Gábor (2001) The economic returns to education: finite-sample properties of an instrumental variable estimator. Hungarian Statistical Review, 79 (SN6). pp. 134-149. ISSN 0039-0690
|
Text
2001_K6_134.pdf Download (405kB) | Preview |
Abstract
This paper evaluates the instrumental variables measurement of the causal effect of education on earnings, with special focus on finite sample issues. A simple well-known theoretical model is presented and the inconsistency of the reduced-form estimator is established. The problem of weak instruments is examined in details and multiple remedies are considered. The relevant issues are illustrated through a particular example from a published paper, including a simulation exercise to inspect weak instruments problems and evaluate the performance of alternative estimators.
Item Type: | Article |
---|---|
Subjects: | H Social Sciences / társadalomtudományok > HA Statistics / statisztika |
Depositing User: | Zsolt Baráth |
Date Deposited: | 04 Mar 2022 12:39 |
Last Modified: | 10 Mar 2022 14:25 |
URI: | http://real.mtak.hu/id/eprint/138538 |
Actions (login required)
![]() |
Edit Item |