Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21152 
Year of Publication: 
2001
Series/Report no.: 
IZA Discussion Papers No. 298
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
We show why considering a number of education-dependent covariates in the wage equation decreases coefficient of education in the wage equation. We use a meta-analysis of results for Portugal to show, empirically, that this is the case. The coefficient decreases when we use covariates that can be considered post education decisions; it is independent of the sample size, tenure and the fact of using hourly or monthly wages. At this stage the use of the simple specification of the Mincer equation for the study of total returns to education continues to hold our support.
Subjects: 
Human capital
rate of return
educational economics
JEL: 
C4
I2
J3
Document Type: 
Working Paper

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