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dc.contributor.authorModesto, Leonoren
dc.date.accessioned2009-01-28T16:19:12Z-
dc.date.available2009-01-28T16:19:12Z-
dc.date.issued2000-
dc.identifier.urihttp://hdl.handle.net/10419/21077-
dc.description.abstractIn this paper we analyse educational choices and earnings of individuals at two different levels inthe Portuguese educational system. At each potential exit level we consider two decisions: thedecision to continue studying and the employment decision, whereas normally only the firstdecision is modelled. Correlation between the error terms of the earnings functions and thedecision functions, for each level of education, is allowed and we correct for the potentialselectivity bias.We find empirical support for the existence of selectivity bias as the errors of the earningsfunctions are correlated with the disturbances of both decision functions for both educationallevels considered. Moreover it is precisely the existence of selectivity mechanisms that rendersthe decisions actually taken by individuals optimal in terms of comparative earnings advantage.The obtained marginal rates of return to additional education vary between 2.3 and 9.6 percentper additional year of schooling, depending on whether or not selectivity effects are excludedfrom the computations. This finding reinforces again the importance of selectivity mechanisms inexplaining educational choices.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x230en
dc.subject.jelI20en
dc.subject.jelJ31en
dc.subject.ddc330en
dc.subject.keywordEducational choicesen
dc.subject.keywordearningsen
dc.subject.keywordselectivityen
dc.subject.stwBildungsökonomiken
dc.subject.stwBildungsverhaltenen
dc.subject.stwArbeitsangeboten
dc.subject.stwBildungsertragen
dc.subject.stwEinkommenen
dc.subject.stwSchätzungen
dc.subject.stwPortugalen
dc.titleShould I Stay or Should I Go? Educational Choices and Earnings: An Empirical Study for Portugal-
dc.typeWorking Paperen
dc.identifier.ppn835514242en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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