Estimating the bias due to measurement error in the economic returns to schooling: Evidence from the 1990 February Current Population Survey

William M. Rodgers, Sarah Bruhl

Research output: Contribution to journalArticlepeer-review

Abstract

We use the February 1990 CPS to construct a measurement error corrected estimate of the return to schooling. Our model yields a bias that ranges from 11 to 15 percent. Removing the bias raises the return from 8 to 9 percent. Both estimates are at the bottom of the range found in the literature.

Original languageEnglish (US)
Pages (from-to)233-239
Number of pages7
JournalEconomics Letters
Volume64
Issue number2
DOIs
StatePublished - Aug 1999
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

Keywords

  • Economic returns to schooling
  • I21
  • J24
  • Measurement error

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