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The multitude of tasks performed in the labor market requires skills in many dimensions. Traditionally, human capital has been proxied primarily by educational attainment. However, an expanding body of literature highlights the importance of various skill dimensions for success in the labor...
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This paper investigates Becker, Hornung and Woessmann's recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …
Persistent link: https://www.econbiz.de/10009691683
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The US experienced two dramatic changes in the structure of education in a fifty year period. The first was a large …
Persistent link: https://www.econbiz.de/10010223398
Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...
Persistent link: https://www.econbiz.de/10010235845
This paper estimates the effect of graduating from college on lifetime earnings. Motivated by the fact that nearly half of all college students fail to earn a bachelor's degree, we study a model of risky college completion. The central idea is that students drop out of college mainly because...
Persistent link: https://www.econbiz.de/10010338707
data mostly contradict the traditional view that education was a leading source of the seismic social phenomenon of … fixed effects account for time-invariant unobserved heterogeneity, education - but not income or urbanization - is …
Persistent link: https://www.econbiz.de/10010256208
uses the framework of an education production function to provide descriptive analysis of the extent to which different …
Persistent link: https://www.econbiz.de/10011489307
decentralized education finance and considerable residential mobility, exhibits regressive between-school sorting. Between …
Persistent link: https://www.econbiz.de/10011509528