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Ermisch, John; Francesconi, Marco – Journal of Human Resources, 2000
British data were used to compare an individual model of returns to education and a family model in which parents allocate resources for education differently to their children to compensate for different employment potential. Results show education is endogenous for young adults' earnings and the family model is supported. (SK)
Descriptors: Educational Status Comparison, Elementary Secondary Education, Employment Potential, Family Financial Resources