Hendricks, Lutz; Schoellman, Todd - In: Journal of Monetary Economics 63 (2014) C, pp. 19-36
The US experienced two dramatic changes in the structure of education in a 50 year period. The first was a large expansion of educational attainment; the second, an increase in test score gaps between college-bound and non-college-bound students. This paper documents the impact of these two...