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On the Proper Use of Ordinal Variables--A Comment

Peter Skott ()

The Manchester School of Economic & Social Studies, 1997, vol. 65, issue 5, 599-601

Abstract: Human capital theory has been criticized for using an ordinal variable (human capital) as if it were cardinal (D. Leslie, 1995). It is shown in this note that this particular criticism is unwarranted: the use of human capital in the models discussed by Leslie satisfies Leslie's own criterion for the proper use of ordinal variables. Copyright 1997 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1997
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Handle: RePEc:bla:manch2:v:65:y:1997:i:5:p:599-601