QUESTION Whether an individual has a college degree is clearly not random. To identify the...
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QUESTION Whether an individual has a college degree is clearly not random. To identify the causal impact of a college degree on wages in a survey of women, a researcher decides to use the fraction of men residing in a person's census tract with a college degree as an instrument for each women's college degree status. Would this instrumental variable approach successfully estimate the causal effect of college education on wages? Explain with reference to both instrument conditions
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