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This paper proposes a new approach to identify the wage effects of training.The idea is to narrow down the comparison group by only taking into consideration theworkers who wanted to participate in training but did not do so because of some randomevent. The point estimate of the return to...
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students benefit from taking courses with underrepresented minority instructors. To identify racial interactions we estimate … models that include both student and classroom fixed effects and focus on students with limited choice in courses. We find … students falls by 20 to 50 percent when taught by an underrepresented minority instructor. We also find these interactions …
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This paper surveys the economics literature on overeducation. The original motivation to study this topic were reports that the strong increase in the number of college graduates in the early 1970s in the US led to a decrease in the returns to college education. We argue that Duncan and...
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