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Author: Ruud, Paul A.
Resulting in 1 citation.
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Lang, Kevin Ruud, Paul A. |
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Returns to Schooling, Implicit Discount Rates and Black-White Wage Differentials Review of Economics and Statistics 68,1 (February 1986): 41-47. Also: http://www.jstor.org/stable/1924926 Cohort(s): Young Men Publisher: Harvard University Press Keyword(s): Educational Attainment; Educational Returns; Family Background and Culture; Racial Differences; Schooling; Socioeconomic Background; Wage Differentials Permission to reprint the abstract has not been received from the publisher. A simple econometric model of investment in schooling is developed and estimated. The measure of individual discount rates implicit in their educational investment decisions suggests no difference between individuals from different socioeconomic backgrounds. Differences in individual speeds of educational attainment, which do vary with background, explain most of the variation in levels of attainment that is attributable to family background. |
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Bibliography Citation
Lang, Kevin and Paul A. Ruud. "Returns to Schooling, Implicit Discount Rates and Black-White Wage Differentials." Review of Economics and Statistics 68,1 (February 1986): 41-47.
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