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Estimating the Returns to Education Using the Newest Current Population Survey Education Questions

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Author Info
Jaeger, David A. () (College of William and Mary and IZA Bonn)

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Abstract

This paper examines the 1997 additions to the Current Population Survey education question. These new questions allow researchers to come closer to the "highest grade completed" measure available before 1992. Using the new information, the average imputed "highest grade completed" is one-tenth grade greater and the estimated return to education .6 to 1 percentage points lower than when using only the post-1991 "highest degree received" question.

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File URL: ftp://repec.iza.org/RePEc/Discussionpaper/dp500.pdf
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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 500.

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Length: 15 pages
Date of creation: May 2002
Date of revision:
Handle: RePEc:iza:izadps:dp500

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Related research
Keywords: Current Population Survey education

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Find related papers by JEL classification:
J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
I2 - Health, Education, and Welfare - - Education

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  1. repec:fth:prinin:462 is not listed on IDEAS
  2. Clark, Melissa A. & Jaeger, David A., 2002. "Natives, the Foreign-Born and High School Equivalents: New Evidence on the Returns to the GED," IZA Discussion Papers 477, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  3. Richard B. Freeman & William M. Rodgers, III, 2005. "The weak jobs recovery: whatever happened to "the great American jobs machine"?," Economic Policy Review, Federal Reserve Bank of New York, issue Aug, pages 3-18. [Downloadable!]
  4. Gustavsson, Magnus, 2004. "Changes in Educational Wage Premiums in Sweden: 1992-2001," Working Paper Series 2004:10, Uppsala University, Department of Economics.
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