Altonji, Joseph G.; Blom, Erica; Meghir, Costas - In: Annual Review of Economics 4 (2012) 1, pp. 185-223
demand for and return to high school and postsecondary education by field of study. We combine elements from several papers … to provide a dynamic model of education and occupation choice that stresses the roles of the specificity of human capital … and uncertainty about preferences, ability, education outcomes, and labor market returns. The model implies an important …