skill measures. Linking administrative data to test scores we document worker sorting and convex earnings …-sectional dispersion of returns. (3) Complementarities and sorting significantly influence the earnings distribution. …

support this empirical finding. Yet, the standard approach to the estimation of schooling returns does not account for this … fact. This paper investigates the consequences of disregarding earnings persistence. In particular, it shows that the most … commonly used static-model estimators of schooling coefficients are subject to an omitted-variable bias which can be named …

Human capital contracts give private investors the right to share of students' future earnings in return for a …

Human capital contracts give private investors the right to a share of students' future earnings in return for a fi …

-cognitive skill were increasingly sorted into occupations that were intensive in: cognitive skill; as well as abstract, non …-routine, social, non-automatable and offshorable tasks. Such occupations were also the types of occupations which saw greater …

A large literature has focused on estimating the returns to schooling and has typically done so by incorporating … earnings and non-monetary outcomes: attainment of managerial goals relative to initial individual expectations, self … that the quality of peers matters most for earnings, especially for OLS estimates. When individual fixed effects are …