Pohlmeier, Winfried; Pfeiffer, Friedhelm; Maier, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
In this paper, human capital investments are evaluated by assuming heterogeneous returns to education. We use the potential outcome approach to measure the causal effect of human capital investments on earnings as a continuous treatment effect. Empirical evidence is based on a sample of West...