Salehi-Isfahani, Djavad; Murphy, Russell D. - Department of Economics, Virginia Polytechnic Institute … - 2006
country regressions. These regressions treat years of schooling in countries with more and less flexible labor markets as the … literature, and education policy. Our model suggests a possible reason why the social return to education appears low in cross … country regressions. By including readily available measures of flexibility
in the standard cross-country regressions, we show …