greater inequality. To investigate this we construct a dynamic model of intergenerational education acquisition, fertility … fertility and education, a decreasing marginal effect of parental education on children's years of education, and wages that are …

A major benefit of education is the lower risk of unemployment at higher educational levels. In PSID (Panel Study of …

use easily observable characteristics such as years of education to 'statistically discriminate' among workers. The pure … credential value of education will depend on how quickly firms learn. To obtain information on employer learning, we work with a … education. The time path of the coefficient on the unobservable productivity variable provides information about the rate at …

This paper presents a survey and interpretation of recent research on the return to education. The empirical findings … in a series of current papers suggest that the causal effect of education on earnings is understated by standard …

I explore the effects of education on nonmarket outcomes from both theoretical and empirical perspectives. Examples of …-being reflected by their health and cognitive development. I pay a good deal of attention to the effects of education on health … education has productive efficiency and allocative efficiency effects. I then modify these frameworks to allow for the …

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 …

performance. Third, to the extent that class size matters, it is more important for disadvantaged children. Special education …