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Which of the following is a potential solution to the problem of omitted variable bias in estimating the returns to schooling? Group of answer choices
Which of the following is a potential solution to the problem of omitted variable bias in estimating the returns to schooling? Group of answer choices Scatterplots Instrumental variables, when there is a variable "Z" that is correlated with schooling but not with unobserved ability. Instrumental variables, when there is a variable "Z" that is correlated with ability but not with schooling Graphing trends over time
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
