Estimates of the returns to schooling from sibling data: Fathers, sons, and brothers

Orley Ashenfelter, David J. Zimmerman

Research output: Contribution to journalArticle

81 Scopus citations

Abstract

Data on brothers and on fathers and sons from the National Longitudinal Survey are used to consider the impact of omitted variables and measurement errors on the economic returns to schooling. The analysis suggests that the upward bias in estimated returns due to omitted variables is likely offset by an equal downward bias resulting from measurement errors in reported schooling. Controlling for both of these potential sources of bias yields results comparable to conventional regression estimates of the economic return to schooling.

Original languageEnglish (US)
Pages (from-to)1-9
Number of pages9
JournalReview of Economics and Statistics
Volume79
Issue number1
DOIs
StatePublished - Feb 1997

All Science Journal Classification (ASJC) codes

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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