The earnings function is endogenous because
A) Higher earnings may cause individuals to consume more education
B) Ability is correlated with the consumption of education
C) Those from richer families are not credit constrained in choosing how much education to consume
D) Of all of these reasons.
Correct Answer:
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Q1: The Mincer human capital model uses years
Q3: The sheepskin model
A) Suggests that returns are
Q4: The positive relationship between earnings and job
Q5: Employers make use of screening devices because
A)
Q6: The costs of general and specific training
Q7: The incentive to train is a function
Q8: Governments may intervene in the provision of
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