option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …

resolution of uncertainty and option values, the internal rate of return - a cornerstone of classical human capital theory - is …

weights assigned to tests by g are similar for all major demographic groups. These results support Spearman's theory of g. We … that the labor market is organized on meritocratic principles. Additional factors beyond g are required to explain wages … and occupational choice. However, both blue collar and white collar wages are poorly predicted by g or even multiple …

option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …

In The Bell Curve, Herrnstein and Murray argue that the U.S. economy is a meritocracy in which differences in wages … claim for wages conditional on occupation using a simultaneous model of occupation choice and wage determination. Our …