Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …

education. …

Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from …) income and of education. Using instrumental variables can provide a way out. However, three questions remain: whether … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …

have implications for education policy in Sub-Saharan Africa. …

The validity of family background variables instrumenting education in income regressions has been much criticized. In … (perfect validity of the instrument). The size of the bias is in many cases smaller than the standard error of education …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship …. The value of other input factors, such as (knowledge) capital and labor is likely to be affected by the education level of … the possible stakeholders in the entrepreneur’s venture. The education distribution of the (local) population may thus …

-vocational intermediate level education: they score highest on health, wealth and happiness. We find that IQ affects health, but not wealth or …