Instrumental Variables example returns to schooling

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This video provides an example of good use of instrumental variables, covering Krueger and Angrist's 1990 study, 'Does Compulsory School Attendance Affect Schooling and Earnings'. Angrist provides a copy of the paper here: http://www.stanford.edu/~pista/angris... - I very much recommend reading it in its entirety. Check out https://ben-lambert.com/econometrics-... for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: https://ben-lambert.com/bayesian/ Accompanying this series, there will be a book: https://www.amazon.co.uk/gp/product/1...

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