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Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp01hd76s007p
 Title: Estimates of the Economic Return to Schooling from a New Sample of Twins Authors: Krueger, Alan B.Ashenfelter, Orley Keywords: twinsreturn to educationeducationmeasurement error Issue Date: 1-Jul-1992 Citation: American Economic Review, Vol. 84, No. 5, December, 1994 Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 304 Abstract: 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 12-l6t, a higher estimate of the economic returns to schooling than has been previously found. URI: http://arks.princeton.edu/ark:/88435/dsp01hd76s007p Related resource: http://links.jstor.org/sici?sici=0002-8282%28199412%2984%3A5%3C1157%3AEOTERT%3E2.0.CO%3B2-O Appears in Collections: IRS Working Papers

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