Non-causal estimates of the returns to education

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Reference no: EM132093720

1. Why do we think a standard Mincer model leads to non-causal estimates of the returns to education? Explain briefly how the use of compulsory schooling laws can provide a natural experiment that can generate causal estimates of the Mincer model.

2. Why is the selection of a US Supreme Court justice important? What impact does one US Supreme Court justice have?

Reference no: EM132093720

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Non-causal estimates of the returns to education : Why do we think a standard Mincer model leads to non-causal estimates of the returns to education?

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