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Research Institute of Industrial Economics (IFN) Working Paper Series

No 762:
Comment on Education Returns of Wage Earners and Self-employed Workers

Henrik Jordahl (), Panu Poutvaara () and Juha Tuomala ()

Abstract: In a recent paper, García-Mainar and Montuenga-Gómez (2005) apply the generalized IV model of Hausman and Taylor to estimate education returns of wage earners and the self-employed in Portugal and in Spain. Our examination reveals several problems which relate to the validity and documentation of the instrumental variables, as well as the robustness of the results.

Keywords: Education; Entrepreneurship; Human capital; EGIV estimator; (follow links to similar papers)

JEL-Codes: C23; I21; J31; (follow links to similar papers)

6 pages, August 27, 2008

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This paper is published as:
Jordahl, Henrik, Panu Poutvaara and Juha Tuomala, (2009), 'Comment on Education Returns of Wage Earners and Self-employed Workers', Economics of Education Review, Vol. 28, pages 641-644

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