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We consider two types of consumers, educated and uneducated, with each preferring a different variety of goods. A decisive set of persons can impose compulsory education on all. We find conditions under which educated persons will want to impose compulsory education, and conditions under which...
Persistent link: https://www.econbiz.de/10005671591
High inequality in human capital may result in appropriation. In anticipation, the rich may favor policies which induce a more equal distribution of human capital, such as income transfers and mandatory schooling. This paper compares several such alternatives. We find that mandatory schooling...
Persistent link: https://www.econbiz.de/10005780874
In this paper, I explore the ability-earnings relationships semiparametrically. I find evidence of nonlinearities in these relationships which vary across levels of schooling, and argue that ability-sorting into higher education creates problems for accurately identifing the return to schooling...
Persistent link: https://www.econbiz.de/10005641189
In an important and influential paper, Card and Krueger argued that proxies for school quality positively affect the rate of return to future education. In this paper, we analyze a variant of the Card and Krueger model using a hierarchical Bayesian approach and school-level quality data from the...
Persistent link: https://www.econbiz.de/10005641201