This paper revisits the issue of estimating the returns to schooling within a framework that allows multiple unobserved skills with potentially time-varying prices where both skills and prices are possibly correlated with schooling. A common approach to addressing the problem of ability bias...

This paper contributes to the sparse literature on the lasting impact of teacher and school value-added on adult outcomes by estimating value-added scores for high schools and linking these scores to a student-level dataset on college performance. After controlling for detailed student and high...