Skip navigation
Please use this identifier to cite or link to this item:
Title: Estimates of the Economic Return to Schooling from a New Sample of Twins
Authors: Krueger, Alan B.
Ashenfelter, Orley
Keywords: twins
return to education
measurement 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.
Related resource:
Appears in Collections:IRS Working Papers

Files in This Item:
File Description SizeFormat 
304revised.pdf2.19 MBAdobe PDFView/Download

Items in Dataspace are protected by copyright, with all rights reserved, unless otherwise indicated.