Returns to Education: IV Regression to Correct for Omitted Variable Biased

Education enables many people to earn more money and obtain employment that is reserved for college graduates.  University graduates normally obtain higher salaries upon graduation and typically enjoy higher life time wages with lower rates of unemployment compared to people who didn’t attend college. If one runs looks at the correlation between education and wages … More Returns to Education: IV Regression to Correct for Omitted Variable Biased