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Title: The returns to education in Thailand: A pseudopanelapproach
Authors: Warunsiri, S. 
McNown, R. 
Keywords: Asia;IV estimators;Pseudopanel;Returns to education;Synthetic cohort;Thailand
Issue Date: 2010
Publisher: Scopus
University of the Thai Chamber of Commerce
Source: S. Warunsiri, R. McNown (2010) The returns to education in Thailand: A pseudopanelapproach. World Development Vol.38 No.11, 1616-1625.
Abstract: This study employs the pseudopanel approach for estimating returns to education in Thailand, while treating the endogeneity bias common to estimates from data on individuals. Pseudopanel data are constructed from repeated crosssections of Thailand's National Labor Force Surveys of workers born during 194667.Estimates show a downward bias of the returns toeducation in least squares regressions with individual data, a result confirmed with instrumental variable estimation. The overall rate of return is between 14% and 16%. Females have higher returns than males, and workers in urban areas have higher returns than those in rural areas.
Rights: This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Appears in Collections:RSO: Journal Articles

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