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

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  • Jaeger, David A.

    () (CUNY Graduate Center)

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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Bibliographic 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: 16 pages
Date of creation: May 2002
Date of revision:
Publication status: published in: Economics Letters, 2003, 78 (3), 385-394
Handle: RePEc:iza:izadps:dp500

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Keywords: Current Population Survey; education;

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References

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  1. Melissa Clark & David Jaeger, 2006. "Natives, the foreign-born and high school equivalents: new evidence on the returns to the GED," Journal of Population Economics, Springer, vol. 19(4), pages 769-793, October.
  2. Harley Frazis & Jay Stewart, 1999. "Tracking the Returns to Education in the 1990s: Bridging the Gap between the New and Old Current Population Survey Education Items," Journal of Human Resources, University of Wisconsin Press, vol. 34(3), pages 629-641.
  3. Jaeger, David A, 1997. "Reconciling the Old and New Census Bureau Education Questions: Recommendations for Researchers," Journal of Business & Economic Statistics, American Statistical Association, vol. 15(3), pages 300-309, July.
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Cited by:
  1. William Rodgers & John Holmes, 2004. "New estimates of within occupation African American-white wage gaps," The Review of Black Political Economy, Springer, vol. 31(4), pages 69-88, June.
  2. Gustavsson, Magnus, 2004. "Changes in Educational Wage Premiums in Sweden: 1992-2001," Working Paper Series 2004:10, Uppsala University, Department of Economics.
  3. Melissa A. Clark & David Jaeger, 2002. "Natives, the Foreign-Born and High School Equivalents: New Evidence on the Returns to the GED," Working Papers 841, Princeton University, Department of Economics, Industrial Relations Section..
  4. 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.
  5. Slonimczyk, Fabian, 2011. "Earnings inequality and skill mismatch in the U.S.: 1973-2002," MPRA Paper 35449, University Library of Munich, Germany.
  6. Michael S. Christian, 2012. "Human Capital Accounting in the United States: Context, Measurement, and Application," NBER Chapters, in: Measuring Economic Sustainability and Progress National Bureau of Economic Research, Inc.
  7. repec:fth:prinin:462 is not listed on IDEAS
  8. Michael S. Christian, 2011. "Human Capital Accounting in the United States: Context, Measurement, and Application," BEA Working Papers 0073, Bureau of Economic Analysis.

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