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We estimate the impact of schooling on monthly earnings from 1950 to 2000 in Romania. Nearly constant at about 3 … ; Romania …
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We estimate the impact of schooling on monthly earnings from 1950 to 2000 in Romania. Nearly constant at about 3 …
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We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
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