This paper examines the 1997 additions to the Current Population Survey education question. These new questions allow … imputed "highest grade completed" is one-tenth grade greater and the estimated return to education .6 to 1 percentage points …

This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in … differentials. For some, there are substantial causal effects of education at all stages of schooling. …

nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went …

Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …