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Cognitive performance in late adulthood is critical for better welfare and understanding the causes of human capital depreciation in old age is increasingly crucial in aging societies. Using data from South Africa, we study how early life education affects cognition, a component of human capital...
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attempt to correct for the sample selection on numeracy (as the test was voluntary), as well as selection into employment. We … their abilities on wages. More importantly, the sample selection adjustments allow us to control for numeracy and school … remedies for selection on the endogenous numeracy measure include instrumental variables and a “Double Heckman” approach …
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While South Africa has made significant improvements in basic and tertiary education enrollment, the country still suffers from significant challenges in the quality of educational achievement by almost any international metric. The paper finds that money is clearly not the main issue since the...
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