期刊名称：International Business & Economics Research Journal
印刷版ISSN：1535-0754
电子版ISSN：2157-9393
出版年度：2015
卷号：14
期号：6
页码：807-814
语种：English
出版社：The Clute Institute for Academic Research
摘要：This paper investigates, using the first three waves of the National Income Dynamic dataset, the link between education and wages. Specifically it estimates the potential impact of the educational levels on wages in South Africa over the period 2008 – 2012. A two-stage least squares (2SLS) method is applied to account for endogeneity bias. More specifically, we use a lagged education as an instrumental variable in a two-stage least squares framework. Our results show that the proposed instruments is relevant and that there is an unambiguously positive effect on the wages of an individual from participation in education.
关键词：Endogeneity Bias;Earnings;Mincerian Model;Two-Stage Least Squares;Fixed Effects
