Three factors that may influence a high school graduate's decision to attend college are considered: (1) his ability, (2) the cost of attending college, and (3) the socioeconomic status of his parents. The results, based on a probit analysis, indicate that factors (1) and (3) are strong...

This paper attempts to shed new light on the extent to which college education brings financial returns. It recognizes the existence of a number of variables that are likely to affect the financial returns that education produces for a given person -particularly the student's "ability" and...

The influence of education in one generation on attitudes and educational attainments in the next generation has been long discussed. This paper presents an empirical method for placing a monetary value on these intergeneration effects. The data presented are essentially illustrative of a...

John Hause's paper is addressed to the perplexing matters of how to disentangle the effects of ability and schooling on worker earnings, and of the effect of ability on earnings over a worker's lifetime.' His emphasis oil "ability" and schooling as determinants of earnings is surely not intended...