Bayer, Patrick; Arcidiacono, Peter; Hizmo, Aurel - National Bureau of Economic Research (NBER) - 2008
turn use education to statistically discriminate, paying wages that reflect the average productivity of workers with the … paid in accordance with their own ability, while the wages of high school graduates are initially completely unrelated to … differences in wages, education, and the returns to ability. In particular, we find no racial differences in wages or returns to …