The authors assess the impact of college quality on women's earnings and the influence of family and individual endowments on college choice using new data from a survey of identical and nonidentical twins born in Minnesota. The estimates reject models that ignore school choice. The...

This article tests the implications of the general human capital that (1) at the individual level, there is a negative relationship between the initial wage level and wage growth of inexperienced workers and (2) at the market level, the ratio of the present values of wage profiles of investors...