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through the 1990s. We also test our maintained hypothesis of rational expectations using asset price data for Japan over the …
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Using data for the 1990's, this paper examines the role of sheepskin effects in the returns to education for Japan. Our … the US. These results could be explained by the particular recruitment system of large firms in Japan, which makes the …
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through the 1990s. We also test our maintained hypothesis of rational expectations using asset price data for Japan over the …
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