Measurement error in schooling data: the OECD case
AbstractThe effect of human capital is difficult to estimate in cross-country analysis due to measurement errors in schooling data. Using data for OECD countries over the period 1960-1990, the reliability of the widely used Barro and Lee's data set and also the new De la Fuente and Domenech's data set is analysed. Results show that both suffer from measurement errors, but the latter seems to reflect the rate of growth of schooling more accurately, especially when taking long differences.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 10 (2003)
Issue (Month): 2 ()
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- Ana Lamo & Peter Fredriksson & Julian Messina & Giovanni Peri & Etienne Wasmer, 2005. "The Macroeconomics of Education," Sciences Po publications info:hdl:2441/9064, Sciences Po.
- Crespo Cuaresma, Jesus, 2006. "Convergence of educational attainment levels in the OECD: More data, more problems?," Economics of Education Review, Elsevier, vol. 25(2), pages 173-178, April.
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