devised for this purpose, the randomness of the returns to education. The determinants of the firm-specific returns to education are then analyzed. We found that almost one halt of the estimated returns to f. Conclusions, Scholarly or Scientific Significance, and education are generated by the allocation of high-educated Implications individuals into high-paying firms and high-paying job-titles. References the Return to Schooling: Progress 8. Card D., (2001) “Estimating on Some Persistent Econometric Problems,” Econometrica, 69. Carneiro, A., P. Guimarães and Pedro Portugal (2012) “Real Wages and the Business Cycle: Accounting for Worker, Firm, and Job-Title Economic Journal: Heterogeneity,” American Macroeconomics, 4.
devised for this purpose, the randomness of the returns to education. The determinants of the firm-specific returns to education are then analyzed. f. Conclusions, Scholarly or Scientific Significance, and Implications We found that almost one halt of the estimated returns to education are generated by the allocation of high-educated individuals into high-paying firms and high-paying job-titles. 8. References Card D., (2001) “Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems,” Econometrica, 69. Carneiro, A., P. Guimarães and Pedro Portugal (2012) “Real Wages and the Business Cycle: Accounting for Worker, Firm, and Job-Title Heterogeneity,” American Economic Journal: Macroeconomics, 4.