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Delaney, Judith M. – Education Economics, 2019
This paper looks at the joint impact of labour market risk and selection into employment on returns to education estimates. The risk-adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk leads to an increase in returns to high school but to a "decrease" in the returns to college…
Descriptors: Labor Market, Risk, Outcomes of Education, Gender Differences