Yamarik, Steven - In: Contributions to Macroeconomics 8 (2008) 1, pp. 1571-1571
In this paper, we use information from U.S. states to determine the social return to schooling. We estimate a macro-Mincerian model where aggregate earnings (or income) depend upon physical capital, labor, average years of schooling and average labor force experience. We find that the social...