Fertig, Michael; Schmidt, Christoph M.; Sinning, Mathias G. - 2009
case of UK
provides evidence that larger cohorts have lower earnings but this efiect does not
persist as the cohorts age … participation of young workers in further education for
the case of UK.
Insum … there is an unobservable latent variable y⁄ which linearly
depends on a set of exogenous variables denoted by x and an …