Fosgerau, Mogens; Jensen, Svend E Hougaard; Sorensen, Anders - In: Review of Income and Wealth 48 (2002) 2, pp. 261-69
This paper investigates the magnitude of the mismeasurement that occurs when only a few education categories are used in the construction of a constant quality index for labor input. By employing a very comprehensive data set it is found that the error resulting from the omission of information...