Kertesi, Gábor (contributor); Kézdi, Gábor (contributor) - 2006
, very much like returns on any other financial investment. If expected returns more than compensate for such investments, it … 4, i.e. we calculate the long-term benefits discounted to age 4. We estimate returns to an investment that makes Roma …, EUR 55,000). The estimated returns are sensitive to the discount rate, the assumed wage growth, the college completion …