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

Authors
Rodgers, WM Bruhl, S
Citation
Wm. Rodgers et S. Bruhl, Estimating the bias due to measurement error in the economic returns to schooling: evidence from the 1990 February Current Population Survey, ECON LETT, 64(2), 1999, pp. 233-239
Citations number
23
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
64
Issue
2
Year of publication
1999
Pages
233 - 239
Database
ISI
SICI code
0165-1765(199908)64:2<233:ETBDTM>2.0.ZU;2-6
Abstract
We use the February 1990 CPS to construct a measurement error corrected est imate 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. (C) 1999 Elsevier Science S.A. All rights reserved.