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Direct linkLeigh, Andrew; Ryan, Chris – Economics of Education Review, 2008
How much do returns to education differ across different natural experiment methods? To test this, we estimate the rate of return to schooling in Australia using two different instruments for schooling: month of birth and changes in compulsory schooling laws. With annual pre-tax income as our measure of income, we find that the naive ordinary…
Descriptors: Twins, Income, Least Squares Statistics, Foreign Countries
