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|Title: ||Further Estimates of the Economic Return to Schooling from a New Sample of Twins|
|Authors: ||Rouse, Cecilia|
|Issue Date: ||1-Jul-1997|
|Citation: ||Economics of Education Review, Vol. 18, 1999|
|Series/Report no.: ||Working Papers (Princeton University. Industrial Relations Section) ; 388|
|Abstract: ||In a recent, and widely cited, paper, Ashenfelter and Krueger (1994) use a new sample of identical
twins to investigate the contribution of genetic ability to the observed cross-sectional return to schooling.
This paper re-examines Ashenfelter and Krueger’s estimates using three additional years of the same twins
survey. I find that the return to schooling among identical twins is about 10 percent per year of schooling
completed. Most importantly, unlike the results reported in Ashenfelter and Krueger, I find that the within-
twin regression estimate of the effect of schooling on the log wage is smaller than the cross-sectional
estimate, implying a small upward bias in the cross-sectional estimate. Ashenfelter and Krueger’s
measurement error corrected estimates are insignificantly different from those presented here, however.
Finally, there is evidence of an important individual-speciﬁc component to the measurement error in
|Related resource: ||http://www.sciencedirect.com/science/journal/02727757|
|Appears in Collections:||IRS Working Papers|
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