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Dougherty, Christopher R. S.; Jimenez, Emmanuel – Economics of Education Review, 1991
Earnings functions have been widely used to estimate the returns to education and training. Many studies have relied on the Mincerian specification for the earnings function, which embodies several assumptions. A study of Brazilian workers' wages finds that the Mincerian specification yields upwardly biased estimates of the returns to education,…
Descriptors: Developing Nations, Education Work Relationship, Educational Economics, Educational Policy