The Returns to Schooling: A Selectivity Bias Approach with a Continuous Choice Variable
将选择性偏差方法扩展到连续选择变量情形，以教育选择为例，估计了纠正选择性偏差后的教育回报率，发现选择性偏差影响显著，支持Willis和Rosen的比较优势假说。
The essence of selection bias is that we do not observe nonoptimal choices. This applies whether the choice variable is discrete or continuous. This paper extends the selection bias methodology to the case where the choice variable is continuous and the choice set is ordered. The leading practical application of this analysis is the schooling choice problem. Schooling is treated as a continuous choice variable and selectivity corrected rates of return are estimated. The findings suggest selectivity is of considerable importance and support the comparative advantage hypothesis of Willis and Rosen [18].