Belzil, Christian; Hansen, Jörgen - 1999
(NLSY). Given household human capital and Armed Forces Qualification test scores (AFQT), subjective discount rates, which … human capital of one generation on both schooling attainments and labor market productivity of the next generation. We find … schooling will raise the level of human capital of the next generation by approximately 0.15 year of schooling and translates …