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weights assigned to tests by g are similar for all major demographic groups. These results support Spearman's theory of g. We … that the labor market is organized on meritocratic principles. Additional factors beyond g are required to explain wages … and occupational choice. However, both blue collar and white collar wages are poorly predicted by g or even multiple …
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option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …
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resolution of uncertainty and option values, the internal rate of return - a cornerstone of classical human capital theory - is …
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option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …
Persistent link: https://www.econbiz.de/10012468966
This paper develops and estimates a model with multiple schooling choices that identifies the causal effect of different levels of schooling on health, health-related behaviors, and labor market outcomes. We develop an approach that is a halfway house between a reduced form treatment effect...
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