Bias-Corrected Estimates of GED Returns
Abstract
Using three sources of data, this article examines the direct economic return to General Educational Development (GED) certification for both native and immigrant high school dropouts. One data source—the Current Population Survey (CPS)—is plagued by nonresponse and allocation bias from the hot deck procedure that biases the estimated return to the GED upward. Correcting for allocation bias and ability bias, there is no direct economic return to GED certification. An apparent return to GED certification with age found in the raw CPS data is due to dropouts becoming more skilled over time. These results apply to both native-born and immigrant populations.Download Info
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Bibliographic Info
Article provided by University of Chicago Press in its journal Journal of Labor Economics.
Volume (Year): 24 (2006)
Issue (Month): 3 (July)
Pages: 661-700
Contact details of provider:
Web page: http://www.journals.uchicago.edu/JOLE/
Related research
Keywords:Other versions of this item:
- James J. Heckman & Paul LaFontaine, 2006. "Bias Corrected Estimates of GED Returns," NBER Working Papers 12018, National Bureau of Economic Research, Inc.
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
References
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As found by EconAcademics.org, the blog aggregator for Economics research:- American failure
by Daron Acemoglu and James Robinson in Why Nations Fail on 2012-04-23 14:26:00
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