Parameter estimates comparison of earnings functions in the PSID and CPS data, 1976–2007

Comparing earnings equations in the Panel Study of Income Dynamics (PSID) and the Current Population Survey, we find that the PSID considerably underestimates the returns to education during the 1992–2007 period. Non-random selection in the PSID sample appears to be the reason.

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Year of publication:	2014
Authors:	Gouskova, Elena
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 122.2014, 2, p. 353-357
Publisher:	Elsevier
Subject:	Attrition \| Panel data \| Sample selection \| Earnings equation \| Returns to education

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Type of publication:	Article
Classification:	C83 - Survey Methods; Sampling Methods ; D31 - Personal Income, Wealth and Their Distributions ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	RePEc - Research Papers in Economics

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