This paper tries to apply common methods to estimate unbiased coefficients for the return to schooling in Germany for the year 2004. Based on the simple Mincer-type wage equation, the return to schooling is around 9.5% per year. There is no sheepskin effect. As expected the return in the private
sector is higher than in the public sector. Females have a higher return than males, but there are no differences between East and West Germans. An Instrumental Variables and a 3-Stage-Least-Squares approach give very high returns. For correcting the sample selection, the Heckman Two Step
Procedure and the Heckman Maximum Likelihood Approach are used. For both methods, the coefficients are very similar, but higher than without correcting for it.
| Identifer | oai:union.ndltd.org:Potsdam/oai:kobv.de-opus-ubp:1217 |
| Date | January 2006 |
| Creators | Reilich, Julia |
| Publisher | Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät. Wirtschaftswissenschaften |
| Source Sets | Potsdam University |
| Language | English |
| Detected Language | English |
| Type | Book |
| Format | application/pdf |
| Source | Statistische Diskussionsbeiträge ; Nr. 24 / Lehrstuhl für Statistik und Ökonometrie, Wirtschafts- und Sozialwissenschaftliche Fakultät der Universität Potsdam |
| Rights | http://opus.kobv.de/ubp/doku/urheberrecht.php |
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