endogeneity of schooling by postulating that both schooling and test scores are generated by a common unobserved latent ability … measured test scores are slightly larger for lower latent ability levels. We find that schooling increases the AFQT score on … by estimating the impact of schooling on measured test scores at various quantiles of the latent ability distribution. …

discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic … a synthetic dataset and assess the ability of ML and SMM to recover the model parameters on this sample. We investigate …

endogeneity of schooling by postulating that both schooling and test scores are generated by a common unobserved latent ability … measured test scores are slightly larger for lower latent ability levels. We find that schooling increases the AFQT score on … by estimating the impact of schooling on measured test scores at various quantiles of the latent ability distribution …

discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic … a synthetic dataset and assess the ability of ML and SMM to recover the model parameters on this sample. We investigate …

education is a risky investment. These results suggest a positive interaction between schooling and ability with respect to …We address the impact of education upon wage inequality by drawing on evidence from fifteen European countries, during … regressions of Mincer equations and analysing the differences in returns to education across the wage distribution and across time …