Estimates of the Economic Return to Schooling from a New Sample of Twins / Alan Krueger, Orley Ashenfelter.

Format:

Book

Author/Creator:

Krueger, Alan.

Contributor:

National Bureau of Economic Research.

Ashenfelter, Orley.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4143.

NBER working paper series no. w4143

Language:

English

Subjects (All):

Economic history.

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1992.

Cambridge, Mass. : National Bureau of Economic Research, 1992.

Summary:

This paper uses a new survey to contrast the wages of genetically identical twins with different schooling levels. Multiple measurements of schooling levels were also collected to assess the effect of reporting error on the estimated economic returns to schooling. The data indicate that omitted ability variables do not bias the estimated return to schooling upward, but that measurement error does bias it downward. Adjustment for measurement error indicates that an additional year of schooling increases wages by 16%, a higher estimate of the economic returns to schooling than has been previously found.

Notes:

Print version record

August 1992.

Includes bibliographical references.