Aula (Jul 2016)
Returns to education and wage premium in Spain. A critical survey
Abstract
The aim of this paper is to offer the most exhaustive possible survey of those studies that have addressed the estimation of returns to education in Spain. The work begins with a discussion of the methodology used to estimate the returns under the neo-classical analysis, making explicit the assumptions on which it is based, the consequences of some of these assumptions, the major issues have been addressed in the literature, ending with the analysis of a number of issues that restrict the results achieved, most of them well known some time ago, but only rarely taken into account. It follows a list of studies that have analyzed the private returns to education and the wage premiums in Spain.
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