Does Compulsory School Attendance Affect Schooling and Earnings?
利用出生季度作为工具变量，发现强制入学出勤法使约25%的潜在辍学者继续上学，且教育回报的估计值与传统方法接近。
Abstract We establish that season of birth is related to educational attainment because of school start age policy and compulsory school attendance laws. Individuals born in the beginning of the year start school at an older age, and can therefore drop out after completing less schooling than individuals born near the end of the year. Roughly 25 percent of potential dropouts remain in school because of compulsory schooling laws. We estimate the impact of compulsory schooling on earnings by using quarter of birth as an instrument for education. The instrumental variables estimate of the return to education is close to the ordinary least squares estimate, suggesting that there is little bias in conventional estimates.