In a recent paper, García-Mainar and Montuenga-Gómez [Econ. Edu. Rev. 24 (2005)] apply the generalized IV model of Hausman and Taylor to estimate education returns of wage earners and the self-employed in Portugal and in Spain. Our examination reveals several problems which relate to the validity and documentation of the instrumental variables, as well as the robustness of the results.
|Place of Publication||Frederiksberg|
|Publisher||Centre for Economic and Business Research, Copenhagen Business School|
|Number of pages||7|
|Publication status||Published - 2008|
|Series||CEBR Discussion Paper|
- Human capital
- EGIV estimator