Social Sciences
4 years ago

New study finds each year of schooling boosts wages by 12-16%!

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American Economic Review
Estimates of the Economic Returns to Schooling from a New Sample of Twins
Orley Ashenfelter, Alan B. Krueger

Paper Summary

The study looked at twins with different levels of education to see how schooling affects their wages. They found that having an extra year of schooling can increase wages by 12 to 16 percent. This is a higher estimate than what was previously thought.

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