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Selection Bias and the Degree Effect

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  • Harley Frazis

Abstract

This paper evaluates the evidence for a college degree effect-a particularly high return to completing college compared to the first three years-in the National Longitudinal Study of the High School Class of 1972 (NLS-72). An ordered probit model of schooling choice is developed to correct for selection bias. If conventional exclusion restrictions are adopted, selection bias does not appear to account for the degree effect. However, use of Leamer's (1978, 1982) extreme bounds analysis shows that the results are very dependent on acceptance of the exclusion restrictions used to identify the model.

Suggested Citation

  • Harley Frazis, 1993. "Selection Bias and the Degree Effect," Journal of Human Resources, University of Wisconsin Press, vol. 28(3), pages 538-554.
    • Handle: RePEc:uwp:jhriss:v:28:y:1993:i:3:p:538-554
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    Cited by:

    1. Elena Cefis & Roberto Gabriele, 2005. "Does Spatial Disaggregation Matter in Job Creation and Destruction Flows?," LEM Papers Series 2005/09, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Nick Huntington-Klein, 2021. "Human capital versus signaling is empirically unresolvable," Empirical Economics, Springer, vol. 60(5), pages 2499-2531, May.
    3. César Alonso-Borrego & Dolores Collado, 2002. "Innovation and Job Creation and Destruction . Evidence from Spain," Recherches économiques de Louvain, De Boeck Université, vol. 68(1), pages 148-168.
    4. Tracy L. Regan & Ronald L. Oaxaca & Galen Burghardt, 2007. "A Human Capital Model Of The Effects Of Ability And Family Background On Optimal Schooling Levels," Economic Inquiry, Western Economic Association International, vol. 45(4), pages 721-738, October.
    5. William H. Greene & David A. Hensher, 2008. "Modeling Ordered Choices: A Primer and Recent Developments," Working Papers 08-26, New York University, Leonard N. Stern School of Business, Department of Economics.
    6. Kun Andras Istvan, 2014. "The Sheepskin Effect In The Hungarian Labour Market 2010-2012: Analysis Of Data From The Hungarian Graduate Tracking System," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 492-499, July.
    7. Joseph G. Altonji & Charles R. Pierret, 2001. "Employer Learning and Statistical Discrimination," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 313-350.
    8. Ghosh, Sucharita & Yamarik, Steven, 2004. "Are regional trading arrangements trade creating?: An application of extreme bounds analysis," Journal of International Economics, Elsevier, vol. 63(2), pages 369-395, July.
    9. Larry Singell & Mark Stater, 2006. "Going, going, gone: the effects of aid policies on graduation at three large public institutions," Policy Sciences, Springer;Society of Policy Sciences, vol. 39(4), pages 379-403, December.
    10. Arkes, Jeremy, 1999. "What Do Educational Credentials Signal and Why Do Employers Value Credentials?," Economics of Education Review, Elsevier, vol. 18(1), pages 133-141, February.
    11. Alfonso Flores-Lagunes & Audrey Light, 2010. "Interpreting Degree Effects in the Returns to Education," Journal of Human Resources, University of Wisconsin Press, vol. 45(2).
    12. Alexander J. Cowell, 2006. "The relationship between education and health behavior: some empirical evidence," Health Economics, John Wiley & Sons, Ltd., vol. 15(2), pages 125-146, February.
    13. Regan, Tracy L. & Burghardt, Galen & Oaxaca, Ronald L., 2006. "A Human Capital Model of the Effects of Abilities and Family Background on Optimal Schooling Levels," IZA Discussion Papers 1927, Institute of Labor Economics (IZA).

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