000			01590nam a22001577a 4500
999			_c522919 _d522919
008			230613b ||||| |||| 00| 0 eng d
100			_aKorwatanasakul, Upalat _941829
245			_aReturns to schooling in Thailand: Evidence from the 1978 compulsory schooling law
260			_aThe Developing Economic
300			_a61(1), Mar, 2023: p.3-35
520			_aThis paper estimates returns to schooling in Thailand by applying the regression discontinuity approach to the change in the compulsory schooling law in 1978. This law enhanced human capital investment on the eve of rapid structural transformation. The returns to schooling based on the instrumental variables estimation were around 8%, while ordinary least squares (OLS) overestimated such returns. Returns were higher for females, urban areas, the services sector, and underdeveloped regions. The findings contrast sharply with studies exploiting similar institutional changes in developed countries where OLS estimates underestimate returns to schooling, implying that former school dropouts tend to have higher returns than those already in school before the law change. Ability bias is more likely to arise in developing countries, possibly because parents might be forced to keep children only with higher abilities in school, reinforcing inequality among children within the household. – Reproduced
650			_aReturn to schooling, Mincer equation, Ability bias, Regression discontinuity, Compulsory schooling, Thailand. _938710
773			_aThe Developing Economic
906			_aRIGHT TO EDUCATION
942			_cAR