Aakvik, Arild; Salvanes, Kjell G.; Vaage, Kjell - Institute for the Study of Labor (IZA) - 2003
The decision to take more education is complex, and is influenced by individual ability, financial constraints, family … problems into estimating the returns to education. In this paper, these problems are addressed by estimating a comparative … advantage model for schooling, in which the returns to education vary at different levels of education. The model requires that …