The Economic Value of Education by Race and Ethnicity

14 Pages Posted: 5 Jun 2006

See all articles by Lisa Barrow

Lisa Barrow

Federal Reserve Bank of Chicago

Cecilia E. Rouse

Princeton University - Industrial Relations Section; National Bureau of Economic Research (NBER)

Abstract

Using data from the U.S. Census and the National Longitudinal Surveys, the authors find little evidence of differences in the economic value of education across racial and ethnic groups, even with attempts to control for ability and measurement error biases. As a result, they argue, policies that increase education among the low-skilled, who are disproportionately African American and Hispanic, have a good possibility of increasing their economic well-being and reducing inequality.

Keywords: human capital, return to schooling, education, wages, measurement error, Education, Human Capital, Skills, Occupational Choice, Labor Productivity, Wage Level and Structure, Wage Differentials by Skill, Training, Occupation

Suggested Citation

Barrow, Lisa and Rouse, Cecilia E., The Economic Value of Education by Race and Ethnicity. Economic Perspectives, Second Quarter, 2006. Available at SSRN: https://ssrn.com/abstract=906575

Lisa Barrow (Contact Author)

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604
United States
312-322-5073 (Phone)
312-322-2357 (Fax)

Cecilia E. Rouse

Princeton University - Industrial Relations Section ( email )

Princeton, NJ 08544-2098
United States
609-258-4042 (Phone)
609-258-2907 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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