TY  - RPRT
        AU  - Winters, John V.
        TI  - Estimating the Returns to Schooling Using Cohort-Level Maternal Education as an Instrument
        PY  - 2014/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8616
        UR  - https://www.iza.org/index.php/publications/dp8616
        AB  - Formal education is widely thought to be a major determinant of individual earnings. This paper uses the American Community Survey to examine the effect of formal schooling on worker wages. Given the potential endogeneity of education decisions, I instrument for individual schooling using cohort-level mean maternal years of schooling from previous decennial censuses. The instrumental variables results suggest that schooling has a significant positive effect on worker wages. Specifically, an additional year or schooling is estimated to increase hourly wages by 10 percent for men and 12.6 percent for women.
        KW  - human capital
KW  - education
KW  - returns to schooling
KW  - wages
KW  - maternal education
        ER  -