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Research ArticleArticles

Building the Stock of College-Educated Labor Revisited

David L. Sjoquist and John V. Winters
Journal of Human Resources, January 2012, 47 (1) 270-285; DOI: https://doi.org/10.3368/jhr.47.1.270
David L. Sjoquist
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John V. Winters
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Abstract

In a recent paper in the Journal of Human Resources, Dynarski (2008) used data from the 1 percent 2000 Census Public Use Microdata Sample (PUMS) files to demonstrate that merit scholarship programs in Georgia and Arkansas increased the stock of college-educated individuals in those states. This paper replicates the results in Dynarski (2008) but we also find important differences in the results between the 1 percent and 5 percent PUMS, especially for women. We also demonstrate that the author’s use of clustered standard errors, given the small number of clusters and only two policy changes, severely understates confidence intervals.

  • Received April 2010.
  • Accepted March 2011.
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Journal of Human Resources
Vol. 47, Issue 1
1 Jan 2012
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Building the Stock of College-Educated Labor Revisited
David L. Sjoquist, John V. Winters
Journal of Human Resources Jan 2012, 47 (1) 270-285; DOI: 10.3368/jhr.47.1.270

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Building the Stock of College-Educated Labor Revisited
David L. Sjoquist, John V. Winters
Journal of Human Resources Jan 2012, 47 (1) 270-285; DOI: 10.3368/jhr.47.1.270
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  • Article
    • Abstract
    • I. Introduction
    • II. Summary of Dynarski (2008)
    • III. Replication of Dynarski’s Results
    • IV. Inferences Based on the Conley and Taber Procedure
    • V. Inferences Using the Cameron, Gelbach, and Miller Wild Cluster Bootstrap
    • VI. Sample Means and Differences across Samples
    • VII. Conclusion
    • Footnotes
    • References
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