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In this paper I analyze the work on exchange rates and external imbalances by University of Chicago faculty members during the university's first hundred years, 1892-1992. Many people associate Chicago's views with Milton Friedman's advocacy for flexible exchange rates. But, of course, there was...
Persistent link: https://www.econbiz.de/10014447249
ability to perform complex tasks. The data suggests that the sorting effect of education is an important determinant of …
Persistent link: https://www.econbiz.de/10012477669
on micro-level census data, we describe racial differences in literacy rates, school attendance, years of educational …
Persistent link: https://www.econbiz.de/10012468926
This paper examines the education literature through the lens of sorting. It argues that how individuals sort across …. It discusses the implications of different education finance systems for sorting and analyzes the efficiency and welfare …
Persistent link: https://www.econbiz.de/10012470628
Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...
Persistent link: https://www.econbiz.de/10012473468
This paper uses a new survey to contrast the wages of genetically identical twins with different schooling levels. Multiple measurements of schooling levels were also collected to assess the effect of reporting error on the estimated economic returns to schooling. The data indicate that omitted...
Persistent link: https://www.econbiz.de/10012474827
There is much public discussion but almost no evidence on the effects of high school curriculum on postsecondary … education and on success in the labor market. I use the large variation in curriculum across US high schools to identify the … courses in academic subject is small. One cannot account for the value of a year of high school with estimates of the value of …
Persistent link: https://www.econbiz.de/10012474828
between the return to education and measures of school quality is similar for blacks and whites. Since improvements in school … education. Holding constant school quality measures, however, we find no evidence that parental income or education affects …This paper estimates the effects of school quality - - measured by the pupil-teacher ratio, the average term length …
Persistent link: https://www.econbiz.de/10012475675
Persistent link: https://www.econbiz.de/10001686747
This paper contributes to what is known about the impact of school quality, by documenting its effect on the incomes of … Black South Africans, using data from the 1996 South African census and two national surveys of school quality. South Africa … provides an interesting laboratory for studying the impact of school quality on labor market outcomes. Under the Apartheid …
Persistent link: https://www.econbiz.de/10012471386