Do Spillovers Matter When Estimating Private Returns to R&D?

Estimating Returns to Education when the IV Sample is Selective

Any opinions expressed here are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independ...

When do Numbers Really Matter?

Common wisdom has it that small distinctions in the probabilities quantifying a belief network do not matter much for the results of probabilistic queries. Yet, one can develop realistic scenarios under which small variations in network probabilities can lead to significant changes in computed queries. A pending theoretical question is then to analytically characterize parameter changes that do...

Estimating Marginal Returns to Education

Estimating Marginal Returns to Education.

This paper estimates marginal returns to college for individuals induced to enroll in college by different marginal policy changes. The recent instrumental variables literature seeks to estimate this parameter, but in general it does so only under strong assumptions that are tested and found wanting. We show how to utilize economic theory and local instrumental variables estimators to estimate ...

Returns to Private Education in Peru

Returns to Private Education in Peru The private provision of educational services has been representing an increasing fraction of the Peruvian schooling system, especially in recent last decades. While there have been many claims about the differences in quality between private and public schools, there is no complete assessment of the different impacts of these two type of providers on the la...