Model of educational attainment better explains these facts

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Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have had some college training no matter the number of years of college but never complete their degree, ceteris paribus. Which model of educational attainment better explains these facts (and why)?

Reference no: EM13795897

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