Quotation Humer, Stefan. 2012. Returns to Education in Europe under Model Uncertainty. NOeG Annual Conference, Wien, Österreich, 18.05.-19.05..




The purpose of this paper is to contribute to the large amount of literature which aims to estimate the private returns to human capital investments by taking into account the uncertainty associated with selecting on single econometric specification. This approach permits us to search for the models which are most supported by the underlying data and additionally to base our inference about the returns to education on all rivaling regression models. Employing the comprehensive EU-SILC dataset enables us to scrutinize if the common results on the magnitude of the return to education in Europe abide after considering model uncertainty.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Returns to Education in Europe under Model Uncertainty
Event NOeG Annual Conference
Year 2012
Date 18.05.-19.05.
Country Austria
Location Wien


Humer, Stefan (Former researcher)
Department of Economics (Crespo Cuaresma) (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5323 Econometrics (Details)
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