EconPapers    
Economics at your fingertips  
 

Estimates of the Economic Returns to Schooling from a New Sample of Twins

Orley Ashenfelter () and Alan Krueger ()

American Economic Review, 1994, vol. 84, issue 5, 1157-73

Abstract: This paper uses a new survey to contrast the wages of genetically identical twins with different schooling levels. Multiple measurements of schooling levels were also collected to assess the effect of reporting error on the estimated economic returns to schooling. The data indicate that omitted ability variables do not bias the estimated return to schooling upward but that measurement error does bias it downward. Adjustment for measurement error indicates that an additional year of schooling increases wages by 12 to 16 percent, a higher estimate of the economic returns to schooling than has been previously found. Copyright 1994 by American Economic Association.

Date: 1994
References: Add references at CitEc
Citations View citations in EconPapers (382) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0002-8282%2819941 ... O%3B2-O&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
Working Paper: Estimates of the Economic Return to Schooling from a New Sample of Twins (1992) Downloads
Working Paper: Estimates of the Economic Return to Schooling from a New Sample of Twins (1992) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:84:y:1994:i:5:p:1157-73

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2018-07-19
Handle: RePEc:aea:aecrev:v:84:y:1994:i:5:p:1157-73