Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

The Returns to Schooling: A Selectivity Bias Approach with a Continuous Choice Variable

John Garen
Econometrica
Vol. 52, No. 5 (Sep., 1984), pp. 1199-1218
Published by: The Econometric Society
DOI: 10.2307/1910996
Stable URL: http://www.jstor.org/stable/1910996
Page Count: 20
  • Read Online (Free)
  • Download ($10.00)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Returns to Schooling: A Selectivity Bias Approach with a Continuous Choice Variable
Preview not available

Abstract

The essence of selection bias is that we do not observe nonoptimal choices. This applies whether the choice variable is discrete or continuous. This paper extends the selection bias methodology to the case where the choice variable is continuous and the choice set is ordered. The leading practical application of this analysis is the schooling choice problem. Schooling is treated as a continuous choice variable and selectivity corrected rates of return are estimated. The findings suggest selectivity is of considerable importance and support the comparative advantage hypothesis of Willis and Rosen [18].

Page Thumbnails

  • Thumbnail: Page 
1199
    1199
  • Thumbnail: Page 
1200
    1200
  • Thumbnail: Page 
1201
    1201
  • Thumbnail: Page 
1202
    1202
  • Thumbnail: Page 
1203
    1203
  • Thumbnail: Page 
1204
    1204
  • Thumbnail: Page 
1205
    1205
  • Thumbnail: Page 
1206
    1206
  • Thumbnail: Page 
1207
    1207
  • Thumbnail: Page 
1208
    1208
  • Thumbnail: Page 
1209
    1209
  • Thumbnail: Page 
1210
    1210
  • Thumbnail: Page 
1211
    1211
  • Thumbnail: Page 
1212
    1212
  • Thumbnail: Page 
1213
    1213
  • Thumbnail: Page 
1214
    1214
  • Thumbnail: Page 
1215
    1215
  • Thumbnail: Page 
1216
    1216
  • Thumbnail: Page 
1217
    1217
  • Thumbnail: Page 
1218
    1218