Measurement Error in Education and Growth Regressions
Copyright policy )Measurement Error in Education and Growth Regressions
The use of the perpetual inventory method for the construction of education data per country leads to systematic measurement error. This paper analyzes its effect on growth regressions. We suggest a methodology for correcting this error. The standard attenuation bias suggests that using these corrected data would lead to a higher coefficient. Our regressions reveal the opposite. We discuss why this is the case.
- University of Amsterdam Netherlands
- University of Groningen Netherlands
- Institute for the Study of Labor Germany
- University of Cambridge United Kingdom
- University of Utrecht Finland
ATTAINMENT, 330, Welt, growth, O4, Education, I2, Messung, Growth regressions, QUALITY, Statistischer Fehler, Wirtschaftswachstum, education, ECONOMIC-GROWTH, ddc:330, perpetual inventory method, growth, education, measurement error, EUR ESE 01, growth; education; measurement error, Regression, education; growth; measurement error, Perpetual inventory method, Systematic measurement error, Bildungsniveau, Bildung, Theorie, measurement error, Schätzung, systematic measurement error, jel: jel:I20, jel: jel:O40, jel: jel:I2, jel: jel:O4
ATTAINMENT, 330, Welt, growth, O4, Education, I2, Messung, Growth regressions, QUALITY, Statistischer Fehler, Wirtschaftswachstum, education, ECONOMIC-GROWTH, ddc:330, perpetual inventory method, growth, education, measurement error, EUR ESE 01, growth; education; measurement error, Regression, education; growth; measurement error, Perpetual inventory method, Systematic measurement error, Bildungsniveau, Bildung, Theorie, measurement error, Schätzung, systematic measurement error, jel: jel:I20, jel: jel:O40, jel: jel:I2, jel: jel:O4
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