Recent research concludes that wage returns to cognitive skills have declined in the U.S. We reassess this finding. Using decomposition methods, we document the pivotal role played by dynamic shifts in the distributions of pre-labor market cognitive skills. Our findings show these shifts explain...

Bullying is a behavioral phenomenon that has received increasing attention in recent times. This paper uses a structural model with latent skills and longitudinal information from Korean youths to identify the determinants and effects of bullying. We find that, unlike cognitive skills,...