We apply a new estimator to the measurement of the economic returns to education. We control for endogenous education …, unobserved ability and measurement error using only the natural heteroscedasticty of wages and education attainment. Our prefered … that use IV. Our results indicate that the biases generated by unobserved ability and measurement error tend to cancel each …

taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

basket of goods. It is well-known that this approach suffers from problems and creates several biases in the measurement of …

and analysis to develop a methodology for improving the measurement of the upper tail of the distribution, which is …

available and an efficiency ranking is feasible: tariffs vs. non-tariff barriers (NTBs). In our policy choice model a government …. This result is stronger for organized industries, which further supports the theory. The main theoretical insights and …

between education and allocative efficiency. Section I is reprinted from my J.P.E. paper quot;Education in Productionquot …