New study reveals wide range of earnings from higher education in Germany.
The study found that returns to schooling in Germany vary depending on individual characteristics. Using different instruments, the researchers showed that the average returns to schooling can be higher when considering certain factors like liquidity constraints or high ability. This suggests that the impact of education on earnings can differ for different groups of people. The study supports the idea that the method used to estimate returns to schooling matters, and that there is a range of variations in how education affects income in Germany.