Politische Restriktionen bei Gehaltserhöhungen für besser Ausgebildete. Lohnerhöhungen bei weniger ausgebildeten Arbeitskräften durch Verengung des Marktes wegen der zahlreichen Gastarbeiter. Trotzdem: Je besser die Ausbildung desto höher das Einkommen, auch wenn der Ertrag unter dem...

Identifies an error in the measurement of private rates of return to aggregate levels of education. When education is viewed as a continuous variable, the estimated rate of return is to an incremental year of schooling. However, rates of return are often estimated for aggregate levels of...

Education is effectively used as a discontinuous variable in studies estimating the rates of return by level of education. We find that the normal procedure used for estimating the rate of return to broad aggregates such as secondary and high understates the returns to these levels and...