Comparison with independent photoelectric photometry is used to assess
the quality of magnitudes and colors in the Hipparcos Input Catalog.
These magnitudes and colors will play an important role in the luminos
ity calibration of Hipparcos stars. We conclude that photoelectric pho
tometry, available for about 37% of the catalog, is of uniformly good
quality, and the error estimates in the Catalog are very accurate. On
the other hand, colors determined from poor (one-dimensional) spectral
classes suffer from very significant errors, also correctly estimated
m the Catalog, which make them essentially unsuited for the purpose o
f luminosity calibration. Only stars with either photoelectric colors
or good two-dimensional spectral classes can be used in a high-accurac
y luminosity calibration.