concerned with productivity and competitiveness issues. Not surprisingly, formal education is the preferred and most … achieved through a better understanding of the relationship between the skills developed through formal education and their … points out, "the issue is not whether education has benefits but, rather, the magnitude of its 'true' benefits, the benefits …

secondary education. To investigate the importance of such revisions, we use administrative data on the student population in … different cohorts and grades up to the end of secondary education. We show that the effect of original school entry age on a …