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Using longitudinal data from the Italian National Institute for the Evaluation of the Education System (INVALSI), this …
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The theoretical, conceptual, and practical difficulties with the use of cross-national data on schooling are so severe using aggregate data for any purpose for which individual level data would do should be avoided. There are, however, three questions for which the use of cross-national data on...
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known about the private return to education, much less is known about the more important question of what happens to … of human capital can benefit society in ways that are not fully reflected in the private return of education. Human … capital spillovers can in theory increase aggregate productivity over and above the direct effect of human capital on …
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also provides a novel microfoundation for peer effects, with empirical implications for welfare and different education …
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