Arbeitspapier
Measurement Error in Education and Growth Regressions
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting the measurement 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 the measurement error yields an overestimation. Our analysis contributes to an explanation of the difference between regressions based on 5 and on 10 year first-differences.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1677
Klassifikation
Wirtschaft
Thema
growth
education
measurement error
Bildung
Bildungsniveau
Messung
Wirtschaftswachstum
Schätzung
Statistischer Fehler
Regression
Theorie
Welt
education
measurement error
Bildung
Bildungsniveau
Messung
Wirtschaftswachstum
Schätzung
Statistischer Fehler
Regression
Theorie
Welt
Ereignis
Geistige Schöpfung
(wer)
Portela, Miguel
Alessie, Rob J. M.
Teulings, Coen N.
Alessie, Rob J. M.
Teulings, Coen N.
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2006
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Portela, Miguel
- Alessie, Rob J. M.
- Teulings, Coen N.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2006
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