A measure of association is row-size invariant if it is unaffected by the mutliplication of all entries in a row of a cross-classi…cation table by a same positive number. It is class-size invariant if it is unaffected by the mutliplication of all entries in a class (i.e., a row or a column). We...

We study the evolution of educational attainment of the 1932–1972 cohorts using a calibrated model of investment in human capital with heterogeneous learning ability. The inter-cohort variation in schooling is driven by changes in skill prices, tuition, and education quality over time, and...

We provide a generalization of the Anderson-Rubin (AR) procedure for inference on parameters which represent the dependence between possibly endogenous explanatory variables and disturbances in a linear structural equation (endogeneity parameters). We focus on second-order dependence and stress...