Abstract
Jay Stewart and Harley Frazis (1996) "Tracking the Returns to
Education in the Nineties: Bridging the Gap Between the New and Old CPS Education
Items."
The Current Population Survey (CPS) is used for many studies examining trends in the
returns to education. The CPS changed its education item in 1992. This paper develops
adjustment factors for earnings at different education levels to make pre- and post-1992
earnings comparable. To accomplish this, contradictory results from 1991 and 1992 data are
analyzed and reconciled. Adjusted 1989-93 earnings show a much more moderate increase in
the returns to college graduation over the period than unadjusted earnings.
Last Modified Date: July 19, 2008
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