a) Explain ability bias. b) Discuss the method of using data on identical twins to control for ability bias. c) Discuss the method of using certain birth dates to control for ability bias.
a) Explain ability bias. b) Discuss the method of using data on identical twins to control for ability bias. c) Discuss the method of using certain birth dates to control for ability bias.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter12: Income Distribution, Poverty, And Discrimination
Section: Chapter Questions
Problem 1SQ
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The textbook discusses some strategies for correcting for ability bias when trying to estimate the rate of return to education.
a) Explain ability bias.
b) Discuss the method of using data on identical twins to control for ability bias.
c) Discuss the method of using certain birth dates to control for ability bias.
The Textbook: Labor Economics , 8th Edition, by George Borjas, published by McGraw-Hill.
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The rate of return to education or the yield is used in economics to understand the behavior of the people wanting education for different levels and varieties and can also serve as guidance to know the resources that can be allocated for educational purposes. The rate of return on education is used widely as one of the methods for understanding education from the economic perspective.
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