TY  - RPRT
        AU  - Andini, Corrado
        TI  - The Wage Return to Education: What Hides Behind the Least Squares Bias?
        PY  - 2015/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8855
        UR  - https://www.iza.org/index.php/publications/dp8855
        AB  - This paper combines the approach by Guimarães and Portugal (2010) with the methodology of Gelbach (2015) to investigate the determinants of the least squares bias of the wage return to education. We find that disregarding individual fixed effects is highly problematic, accounting for 95% of the bias. In contrast, disregarding firm fixed effects has marginal consequences.
        KW  - least squares
KW  - education
KW  - wages
        ER  -