International records / OpenAlex research

An Evaluation of Endogenous Model on Wage among Farming Households in Nigeria

Some variables may be endogenous in wage equation. However, this endogenous hypothesis is not usually tested in most applied studies. Therefore, this study empirically applied two stage least squares (TSLS) to examine the return to education among farming households in Nigeria using the Nigerian household living standard data of the National Bureau of Statistics (NBS) in the World Bank sponsored project. Tests of endogeneity, instrument relevance and over-identifying restriction were carried out. The test of endogeneity confirms ordinary least squares (OLS) should not be relied on as it does n…