Education returns of wage earners and self-employed workers: Portugal vs. Spain
- García-Mainar, I. 1
- Montuenga-Gómez, V.M. 2
-
1
Universidad de Zaragoza
info
-
2
Universidad de La Rioja
info
ISSN: 0272-7757
Argitalpen urtea: 2005
Alea: 24
Zenbakia: 2
Orrialdeak: 161-170
Mota: Artikulua
Beste argitalpen batzuk: Economics of Education Review (Ed. impresa)
Laburpena
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.