Abstract: Paper 1: Estimating Heterogeneous Returns to Education in Germany via Conditional Heteroskedasticity In this paper I investigate the causal returns to education for different educational groups in Germany by employing a method by Klein and Vella (2010) that bases identification on the presence of conditional heteroskedasticity. Compared to IV methods, key advantages of this approach are unbiased estimates in the absence of instruments and parameter interpretation that is not bounded to local average treatment effects. Using data from the German...
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Topics: 
Econometrics
Statistics
Actuarial science