PT - JOURNAL ARTICLE AU - Elizabeth U. Cascio AU - Ethan G. Lewis TI - Schooling and the Armed Forces Qualifying Test AID - 10.3368/jhr.XLI.2.294 DP - 2006 Mar 31 TA - Journal of Human Resources PG - 294--318 VI - XLI IP - 2 4099 - http://jhr.uwpress.org/content/XLI/2/294.short 4100 - http://jhr.uwpress.org/content/XLI/2/294.full SO - J Hum Resour2006 Mar 31; XLI AB - How much can late schooling investments close racial and ethnic skill gaps? We investigate this question by exploiting the large differences in completed schooling that arise among teenagers with birthdays near school-entry cutoff dates. We estimate that an additional year of high school raises the Armed Forces Qualifying Test (AFQT) scores of minorities in the NLSY 79 by 0.31 to 0.32 standard deviations. These estimates imply that closing existing racial and ethnic gaps in schooling could close skill gaps by between 25 and 50 percent. Our approach also uncovers a significant direct effect of season of birth on test scores, suggesting that previous estimates using season of birth as an instrument for schooling are biased.