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The Returns from Schooling in a Diversified Rural Economy
Author(s) -
Taylor J. Edward,
YunezNaude Antonio
Publication year - 2000
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1111/0002-9092.00025
Subject(s) - endogeneity , economics , production (economics) , control (management) , labour economics , selection (genetic algorithm) , demographic economics , econometrics , microeconomics , management , artificial intelligence , computer science
Controlling for the endogeneity of activity choice and considering both household‐head and family schooling, we findevid ence of high returns from schooling in both crop andnoncrop activities. As schooling levels increase, the returns from schooling shift away from crop production. Failure to control for activity selection andfamily schooling is likely to result in biasedestimates of the returns from schooling in individual activities.