This study examines changes in the return to education and the gender wage gap between 2000-2010 using data from the Current Population Survey. It finds that the return to education changed little over this period, decreasing by less than 1 percentage point. The gender wage gap decreased by around 5 percentage points. Monte Carlo simulations showed that the coefficient estimates were reasonably precise. The study concludes that while the actual gender gap lies between estimates from different model specifications, the basic wage equation appears adequate for this analysis.