Bargain, Olivier; Bhaumik, Sumon K.; Chakrabarty, Manisha; … - Institute for the Study of Labor (IZA) - 2008
1980s Indian premium is mainly due to higher returns to education and experience, a combination of price and endowment … by the observed convergence in returns to education; the endowment effect is driven by faster increase in education … to higher returns to education and experience, a combination of
price and endowment effects explains why Chinese wages …