T.W. Schultz (1975) proposed that returns to human capital were highest in economicenvironments where technology, price or production shocks were common and managerial skillsto adapt resource allocations to those shocks were most in need. We hypothesize that variationin returns to human capital...

Students in majors with higher average quantitative GRE scores are less likely to attend graduate school whilestudents in majors with higher average verbal GRE scores are more likely to attend graduate school. This sortingeffect means that students whose cognitive skills are associated with...

Students in majors with higher average quantitative GRE scores are less likely to attend graduateschool while students in majors with higher average verbal GRE scores are more likely to attendgraduate school. This sorting effect means that students whose cognitive skills are associatedwith lower...

Students in majors with higher average quantitative graduate records exam (GRE) scores are less likely to attend graduate school whereas students in majors with higher average verbal GRE scores are more likely to attend graduate school. This sorting effect means that students whose cognitive...