1978
DOI: 10.2307/20075285
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Omitted Variable Bias in Panel Data: Estimating the Returns to Schooling

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Cited by 55 publications
(23 citation statements)
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“…Fixed effect panel models are likely to be superior on theoretical grounds, as they control for time-invariant heterogeneity across countries and are relatively robust to omitted variable bias (Chamberlain, 1978;Hausman and Taylor, 1981). Pooled OLS models can however be effectively used to evaluate the robustness of the results.…”
Section: Resultsmentioning
confidence: 99%
“…Fixed effect panel models are likely to be superior on theoretical grounds, as they control for time-invariant heterogeneity across countries and are relatively robust to omitted variable bias (Chamberlain, 1978;Hausman and Taylor, 1981). Pooled OLS models can however be effectively used to evaluate the robustness of the results.…”
Section: Resultsmentioning
confidence: 99%
“…One strand of literature that I do not consider are studies of the return to schooling that attempt to control for ability using observed test scores. Some of the subtle issues involved in developing a causal framework for the interpretation of test scores, schooling outcomes, and earnings are considered in Griliches (1977Griliches ( , 1979, Chamberlain (1977) and Griliches (1975, 1977).…”
Section: A Selective Review Of Recent Empirical Studiesmentioning
confidence: 99%
“…A consequence is that not only are we unable to estimate the effects of important variables like teachers' preparation, but also our estimators for other effects in the model may be biased and thus misleading. This problem is often called an omitted variable bias (see, e.g., Chamberlain, 1978).…”
Section: Introductionmentioning
confidence: 99%