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Tight labor markets driven by resource booms could increase the opportunity cost of schooling and crowd out human capital formation. For oil-producing economies such as the Province of Alberta, the OPEC oil shocks during the period from 1973 to 1981 may have had an adverse long-term effect on...
Persistent link: https://www.econbiz.de/10010942647
The authors analyze how firms of different sizes reward measured skills and unmea¬sured ability. The empirical methodology, based on nonlinear instrumental variable estimation, permits direct estimation of the returns to unmeasured ability by firm size. An analysis of panel data from the...
Persistent link: https://www.econbiz.de/10005813528