about a year on average and gain about 8% higher wages; women obtained a slightly greater increase in education and a … similar increase in wages. Clearly, there was a sizeable gain from being born late enough to take advantage of the greater …

association between wages and college degree is due to the causal effect of a college degree and how much is due to unobserved … factors that influence both wages and education (e.g. ability). In this paper, I use the 1970 British Cohort Study to examine …