Bias Corrected Estimates of GED Returns / James J. Heckman, Paul LaFontaine.

Format:

Book

Author/Creator:

Heckman, James J.

Contributor:

National Bureau of Economic Research.

LaFontaine, Paul.

Series:

Working Paper Series (National Bureau of Economic Research) no. w12018.

NBER working paper series no. w12018

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2006.

Summary:

Using three sources of data, this paper examines the direct economic return to GED certification for both native and immigrant high school dropouts. One data source - the CPS - is plagued by non-response and allocation bias from the hot-deck procedure that biases upward the estimated return to the GED. Correcting for allocation bias and ability bias, there is no direct economic return to GED certification. An apparent return to GED certification with age found in the raw CPS data is due to dropouts becoming more skilled over time. These results apply to native born as well as immigrant populations.

Notes:

Print version record

February 2006.