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This paper provides estimates of the private financial return to education based on large samples of monozygotic (MZ) and dizygotic (DZ) twins which we obtain from Danish population registers. Our estimation exploits the fact that our data is a long panel. We show that the rising inequality,...
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-cycle consistent, stochastic model. We show that education attainment will be an increasing function of the risk associated with … degree of risk aversion. We also examine the link between consumption over the life-cycle and education choice to show that …
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-cycle consistent, stochastic model. We show that education attainment will be an increasing function of the risk associated with … degree of risk aversion. We also examine the link between consumption over the life-cycle and education choice to show that …
Persistent link: https://www.econbiz.de/10010293835
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