Higher ability individuals earn up to 13% more with increased schooling.
The study looked at how education affects people's earnings. By using data from twins, the researchers found that more talented individuals tend to get more education, leading to higher earnings. They also discovered that the benefits of education are higher for those with greater abilities. The results show that the returns to education range from 9 to 13 percent, with the highest returns seen in the top earners. These findings suggest that educational policies should consider individual differences in abilities when designing programs.