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Compulsory Education and the Benefits of Schooling / Melvin Stephens, Jr., Dou-Yan Yang.
- Format:
- Book
- Author/Creator:
- Stephens, Melvin, Jr.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19369.
- NBER working paper series no. w19369
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- Causal estimates of the benefits of increased schooling using U.S. state schooling laws as instruments typically rely on specifications which assume common trends across states in the factors affecting different birth cohorts. Differential changes across states during this period, such as relative school quality improvements, suggest that this assumption may fail to hold. Across a number of outcomes including wages, unemployment, and divorce, we find that statistically significant causal estimates become insignificant and, in many instances, wrong-signed when allowing year of birth effects to vary across regions.
- Notes:
- Print version record
- August 2013.
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