Social Sciences
4 years ago

Twins reveal shocking truth about the value of education in society.

Economics of Education Review
Double trouble: on the value of twins-based estimation of the return to schooling
John Bound, Gary Solon

Paper Summary

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The article discusses using twins to study the impact of education on wages. By comparing identical twins with different levels of schooling, researchers can estimate the value of education. However, factors like genetics and measurement errors can affect the results. The study suggests that using twins for this type of analysis may provide a more accurate upper limit on the benefits of education.