Education returns of wage earners and self-employed workers: Portugal vs. Spain
- García-Mainar, I. 1
- Montuenga-Gómez, V.M. 2
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1
Universidad de Zaragoza
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2
Universidad de La Rioja
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ISSN: 0272-7757
Any de publicació: 2005
Volum: 24
Número: 2
Pàgines: 161-170
Tipus: Article
Altres publicacions en: Economics of Education Review (Ed. impresa)
Resum
This paper investigates the returns to education in two Southern EU countries, Portugal and Spain, both characterized by a relatively high self-employment rate. The impact of education on both wage earners and the self-employed is analyzed by using a comparable data set coming from the European Community Household Panel during the period 1994-2000. To correct for the ability bias and recover the education coefficients, an Efficient Generalized Instrumental Variable technique is applied. Results show that returns are different across the two countries as well as across the two employment statuses. © 2004 Elsevier Ltd. All rights reserved.