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

15 Pages Posted: 26 Jun 2002

See all articles by David A. Jaeger

David A. Jaeger

Ph.D. Program in Economics, City University of New York Graduate Center; National Bureau of Economic Research (NBER); University of Cologne - Department of Economics; IZA Institute of Labor Economics; CESifo (Center for Economic Studies and Ifo Institute); University College London - CReAM - Centre for Research and Analysis of Migration

Date Written: May 2002

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.

Keywords: Current Population Survey, Education

JEL Classification: J3, I2

Suggested Citation

Jaeger, David A., Estimating the Returns to Education Using the Newest Current Population Survey Education Questions (May 2002). IZA Discussion Paper No. 500. Available at SSRN: https://ssrn.com/abstract=315011

David A. Jaeger (Contact Author)

Ph.D. Program in Economics, City University of New York Graduate Center ( email )

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National Bureau of Economic Research (NBER) ( email )

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University of Cologne - Department of Economics ( email )

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University College London - CReAM - Centre for Research and Analysis of Migration ( email )

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United Kingdom

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