A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias

Orley Ashenfelter, Colm Harmon and Hessel Oosterbeek

No 804, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

Abstract: In this paper we provide an analytical review of previous estimates of the rate of return on schooling investments and measure how these estimates vary by country, over time, and by estimation method. We find evidence of reporting (or file drawer) bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are much smaller than is sometimes reported, although some are statistically significant. We also find that estimated returns are higher in the U.S. and they have increased in the last two decades.

Keywords: estimation method; rate of return; schooling investments (search for similar items in EconPapers)
JEL-codes: N9 (search for similar items in EconPapers)
Date: 1999-10
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Citations: View citations in EconPapers (146)

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Related works:
Working Paper: A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias (2000)
Journal Article: A review of estimates of the schooling/earnings relationship, with tests for publication bias (1999)
Working Paper: A Review of Estimates of the Schooling/ Earnings Relationship, with tests for Publication Bias (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:pri:indrel:425

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