PT  - JOURNAL ARTICLE
AU  - Sjoquist, David L.
AU  - Winters, John V.
TI  - Building the Stock of College-Educated Labor Revisited
AID  - 10.3368/jhr.47.1.270
DP  - 2012 Jan 01
TA  - Journal of Human Resources
PG  - 270--285
VI  - 47
IP  - 1
4099  - http://jhr.uwpress.org/content/47/1/270.short
4100  - http://jhr.uwpress.org/content/47/1/270.full
SO  - J Hum Resour2012 Jan 01; 47
AB  - 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.