English, Article, Journal or magazine article edition: Whose education matters in the determination of household income Jolliffe, Dean

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Bookmark: http://trove.nla.gov.au/version/60340
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Whose education matters in the determination of household income
Author
  • Jolliffe, Dean
Physical Description
  • preprint
Notes
  • This paper aims to answer how best to model education attainment, which is an individual-level variable, in household-level income functions. The accepted practice in the literature is to use the education level of the household head. This paper compares the head-of-household model to three competing models and concludes that the maximum or average level of education in the household is a better explanatory variable of household income. Least absolute deviations (LAD) estimators and censored least absolute deviations (CLAD) estimators are used to predict income. Standard errors, which are robust to violations of homoscedasticity and independence, are generated by a boot-strap method that replicates the two-stage sample design.
  • Education ,income ,
  • RePEc:fpr:fcnddp:39
Language
  • English
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