Many empirical works suggest that education has a positive effect on earnings not only because it raises human capital … role could have important consequences on the dynamics of education, wages, and wage distribution when there exist … intergenerational linkages in educational decisions. This paper examines the dynamic effects in an economy where education has the dual …

This paper estimates the returns to education in Guatemala, while attempting to account for self-employment and the … education are strongly supported by the empirical results. It is found that OLS estimates which do not account for sector choice … education. The results also show lower rates of return in the self-employment sector and that workers who only complete primary …

uses a regression discontinuity design to identify the effect of peacetime conscription on education and labor market … outcomes. Results indicate that conscription eligibility induces a significant increase in years of education, which is … consistent with conscription avoidance behavior. However, this increased education does not result in either an increase in …

technological environment, the growth of general education across the workforce, and rising unemployment. Taken together, do these … policy should focus on the labour market and the education system rather than on firms’ technological choices. …

invest in education. Individuals differ in ability and schooling cost, the search market is segmented by education, and there … is free entry of new firms in each sector. Self-selection in education originates composition effects in the distribution … individuals — the ‘rich’. We also show that education should be more taxed than subsidized when the Hosios condition holds. …

American counterparts, when previous research has suggested that the return to community college education is low in Canada … US, I estimate returns to education with a trinomial selection correction using various instruments. I simulate the … educational choices of Canadians who face American returns to education, and vice versa. I found that Canadians have a relatively …