In this paper, we provide evidence that the rate of return to schooling varies across individuals and this variation is responsible for much of the variation in the length of schooling.
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Length: 31 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:helsec:435
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Find related papers by JEL classification: C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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