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Building the Stock of College-Educated Labor Revisited

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  • David L. Sjoquist
  • John V. Winters

Abstract

In a recent paper in the Journal of Human Resources, Dynarski (2008) used data from the 1 percent 2000 Census Public Use Microdata Sample (PUMS) files to demonstrate that merit scholarship programs in Georgia and Arkansas increased the stock of college-educated individuals in those states. This paper replicates the results in Dynarski (2008) but we also find important differences in the results between the 1 percent and 5 percent PUMS, especially for women. We also demonstrate that the author’s use of clustered standard errors, given the small number of clusters and only two policy changes, severely understates confidence intervals.

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File URL: http://jhr.uwpress.org/cgi/reprint/47/1/270
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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Journal of Human Resources.

Volume (Year): 47 (2012)
Issue (Month): 1 ()
Pages: 270-285

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Handle: RePEc:uwp:jhriss:v:46:y:2012:i:1:p:270-285

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Web page: http://jhr.uwpress.org/

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  1. Christopher Cornwell & David B. Mustard & Deepa J. Sridhar, 2006. "The Enrollment Effects of Merit-Based Financial Aid: Evidence from Georgia's HOPE Program," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 24(4), pages 761-786, October.
  2. MacKinnon, James G. & White, Halbert, 1985. "Some heteroskedasticity-consistent covariance matrix estimators with improved finite sample properties," Journal of Econometrics, Elsevier, Elsevier, vol. 29(3), pages 305-325, September.
  3. A. Colin Cameron & Jonah B. Gelbach & Douglas L. Miller, 2008. "Bootstrap-Based Improvements for Inference with Clustered Errors," The Review of Economics and Statistics, MIT Press, vol. 90(3), pages 414-427, August.
  4. Susan Dynarski, 2000. "Hope for Whom? Financial Aid for the Middle Class and Its Impact on College Attendance," NBER Working Papers 7756, National Bureau of Economic Research, Inc.
  5. Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2002. "How Much Should We Trust Differences-in-Differences Estimates?," NBER Working Papers 8841, National Bureau of Economic Research, Inc.
  6. Dynarski, Susan, 2000. "Hope for Whom? Financial Aid for the Middle Class and Its Impact on College Attendance," National Tax Journal, National Tax Association, vol. 53(n. 3), pages 629-62, September.
  7. Abadie, Alberto & Diamond, Alexis & Hainmueller, Jens, 2010. "Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California’s Tobacco Control Program," Journal of the American Statistical Association, American Statistical Association, American Statistical Association, vol. 105(490), pages 493-505.
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Cited by:
  1. Sjoquist, David L. & Winters, John V., 2012. "State Merit-based Financial Aid Programs and College Attainment," IZA Discussion Papers 6801, Institute for the Study of Labor (IZA).
  2. Robert Bifulco & Jason M. Fletcher & Sun Jung Oh & Stephen L. Ross, 2012. "Do Classmate Effects Fade Out?," Working papers, University of Connecticut, Department of Economics 2012-43, University of Connecticut, Department of Economics.
  3. Lovenheim, Michael F. & Owens, Emily G., 2014. "Does federal financial aid affect college enrollment? Evidence from drug offenders and the Higher Education Act of 1998," Journal of Urban Economics, Elsevier, vol. 81(C), pages 1-13.
  4. Robert Bifulco & Jason Fletcher & Sun Jung Oh & Stephen L. Ross, 2014. "Do High School Peers Have Persistent Effects on College Attainment and Other Life Outcomes?," Working Papers, Human Capital and Economic Opportunity Working Group 2014-005, Human Capital and Economic Opportunity Working Group.

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