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at the very top of the education distribution. We highlight the importance of honors degrees for future labor market …
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, we estimate the Local Average Treatment Effects (LATE) of university education based on a Regression Discontinuity design … education on earnings. Our results show that the rates of return to 4-year university education relative to 3-year college … education are 40 and 60 per cent for the compliers in the male and female samples, respectively, which are much larger than the …
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