English, Article, Journal or magazine article edition: Instrument Choice and the Returns to Education: New Evidence from Vietnam Jean-Louis ARCAND; Béatrice D'HOMBRES; Paul GYSELINCK

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Bookmark: http://trove.nla.gov.au/version/121403
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Instrument Choice and the Returns to Education: New Evidence from Vietnam
Author
  • Jean-Louis ARCAND
  • Béatrice D'HOMBRES
  • Paul GYSELINCK
Physical Description
  • preprint
Notes
  • ate of return, instrumental variables procedures, Instrument choice, Hausman-Taylor estimator, Hahn-Hausman test, Vietnam
  • RePEc:wpa:wuwpla:0510011
  • This paper focuses on instrument choice while consistently estimating the returns to education in Vietnam. Using data culled from the 2 rounds of the Vietnam Living Standards Survey (VLSS), we explore different sets of exogenous instruments that rely on demand and supply side sources of variation in schooling as well as the matrix of instruments proposed by Hausman and Taylor (1981). Instrument validity tests suggest that many variables do not satisfy the necessary conditions allowing them to be used as instruments. As in several studies, we find that IV estimates of the returns to education are substantially higher than the corresponding OLS estimate. We show how the Hausman-Taylor matrix of instruments, when combined with other instruments, may be a useful way of consistently estimating an average return to education rather than a local average treatment effect (Angrist, 1994).
  • Hahn-Hausman test, Hausman-Taylor estimator, instrument choice, instrumental variables procedures, returns to education, vietnam
  • RePEc:cdi:wpaper:633
Language
  • English
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