Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/33760
Authors: 
Arabsheibani, G. Reza
Mussurov, Altay
Year of Publication: 
2006
Series/Report no.: 
IZA Discussion Papers 2462
Abstract: 
This paper examines rates of return to schooling in Kazakhstan using OLS and instrumental variable (IV) methodologies. We use spouse's education and smoking as instruments. We find that spouse's education is a valid instrument and that conventional OLS estimates that assume the exogenous nature of schooling, and hence do not control for endogeneity bias, may underestimate the true rates of return. The results indicate that the returns to schooling in Kazakhstan have increased with transition. This may reflect the relative scarcities of highly educated people in Kazakhstan with human capital that employers require and, following the market reforms, reward accordingly.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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