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We review the empirical literature that estimates the causal effect of parent's schooling on child's schooling, and conclude that estimates differ across studies. We then consider three explanations for why this is: (a) idiosyncratic differences in data sets; (b) differences in remaining biases...
Persistent link: https://www.econbiz.de/10010274841
rate versus just the steady-state income level - matters less than academic discussions suggest. We close by discussing …
Persistent link: https://www.econbiz.de/10010274864
individuals to acquire education may serve as an additional signal (to earned labor income) on the underlying unobserved innate … education, as a supplement to the labor income tax. …
Persistent link: https://www.econbiz.de/10010261166