This paper presents a model of the intergenerational transmission of education and marital sorting where parents matter … impact in the UK than in the US as a result of the fertility and education transmission process. When the relative supply of …

This paper examines the education literature through the lens of sorting. It argues that how individuals sort across …. It discusses the implications of different education finance systems for sorting and analyzes the efficiency and welfare …

greater inequality. To investigate this we construct a dynamic model of intergenerational education acquisition, fertility … fertility and education, a decreasing marginal effect of parental education on children's years of education, and wages that are …

use easily observable characteristics such as years of education to 'statistically discriminate' among workers. The pure … credential value of education will depend on how quickly firms learn. To obtain information on employer learning, we work with a … education. The time path of the coefficient on the unobservable productivity variable provides information about the rate at …

This paper presents a survey and interpretation of recent research on the return to education. The empirical findings … in a series of current papers suggest that the causal effect of education on earnings is understated by standard …

ability to perform complex tasks. The data suggests that the sorting effect of education is an important determinant of …

It can be claimed that education is simply a normal consumption good and that like all other normal goods, an increase …

between education and allocative efficiency. Section I is reprinted from my J.P.E. paper "Education in Production". Section II …