The social and the private returns to education differ when education can increase productivity, and also be used to … private returns to education within the employer learning framework of Farber and Gibbons [1996] and Altonji and Pierret [2001 … employers. If the instrument is hidden then it identifies the private returns to education, but if the instrument is observed by …

The social and the private returns to education differ when education can increase productivity, and also be used to … private returns to education within the employer learning framework of Farber and Gibbons [1996] and Altonji and Pierret [2001 … employers. If the instrument is hidden then it identifies the private returns to education, but if the instrument is observed by …

to education. While the empirical basis is still thin, the results suggest that Signaling contributes at most about 25 …% to the observed returns to education. …

to education. While the empirical basis is still thin, the results suggest that Signaling contributes at most about 25 …% to the observed returns to education. …

This dissertation focuses on three different questions in the field of education, using the method of theoretical …