A review of estimates of the schooling/earnings relationship: with tests for publication bias

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 reporting (or file drawer') bias in the estimates and, after due account is t...

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Bibliographic Details
Main Authors: Ashenfelter, Orley 1942- (Author), Harmon, Colm 1971- (Author), Oosterbeek, Hessel (Author)
Format: Book
Language:English
Published: Cambridge, Mass. NBER 2000
Series:Working paper series / National Bureau of Economic Research 7457
Online Access:Volltext
Summary: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 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.
Physical Description:24 S. graph. Darst. 22 cm

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