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One of the best documented relationships in economics is the link between education and income: higher educated people … have higher incomes. Advocates argue that education provides skills, or human capital, that raises an individual …'s productivity. Critics argue that the documented relationship is not causal. Education does not generate higher incomes; instead …
Persistent link: https://www.econbiz.de/10012471909
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...
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"In this paper we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the study of five recent consumer product mergers. We selected the mergers from those that, from the public record, seemed to be most problematic for the antitrust agencies. Thus we...
Persistent link: https://www.econbiz.de/10003682100
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In this paper we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the study of five recent consumer product mergers. We selected the mergers from those that, from the public record, seemed to be most problematic for the antitrust agencies. Thus we...
Persistent link: https://www.econbiz.de/10012464788
This paper contains a review of the burgeoning research that has been designed to shed light on how the art auction system actually works and what it indicates about price formation. First, we find that in recent years returns on art assets appear to be little different from returns on other...
Persistent link: https://www.econbiz.de/10012469717
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