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

doi:10.1016/s0165-1765(99)00084-1

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

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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 language	English (US)
Pages (from-to)	233-239
Number of pages	7
Journal	Economics Letters
Volume	64
Issue number	2
DOIs	https://doi.org/10.1016/s0165-1765(99)00084-1
State	Published - Aug 1999
Externally published	Yes

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

Keywords

Economic returns to schooling
I21
J24
Measurement error

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10.1016/s0165-1765(99)00084-1

Cite this

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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.",

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

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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