%0 Report %A Patrinos, Harry Anthony %T Returns to Education in Greece: Causal Evidence from the 1977 Labor Market Survey %D 2025 %8 2025 Oct %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 18156 %U https://www.iza.org/publications/dp18156 %X We estimate the causal effect of schooling on log earnings using instrumental variables (IV), addressing the endogeneity of schooling by using father’s education as an instrument. The IV estimate implies a return of approximately 7.7 percent per additional year of schooling. First-stage and endogeneity tests confirm instrument strength and the need for IV. %K instrumental variables %K returns to education %K causal impact