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Much evidence suggests that having more education leads to higher earnings in the labor market. However, there is little evidence about whether having more education causes employees to experience lower earnings volatility or shelters them from the adverse effects of recessions. We use a large...
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. We then show that the benefits extended to the next generation with large reductions in the crime rates of the children …
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. We then show that the benefits extended to the next generation with large reductions in the crime rates of the children …
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as labor earnings of the children who went through the post reform school system, in particular for individuals … the generation directly affected by the reform as well as their children. We use census data on all born in Sweden between … 1945 and 1955 and all their children merged with individual register data on all convictions between 1981 and 2008. We find …
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