In equilibrium, the marginal rates of return, r, for those with more ability to extract earnings from

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In equilibrium, the marginal rates of return, r, for those with more ability to extract earnings from formal education and those with less ability are equal (see Figure 4.6). So why do people with greater ability get more formal education?

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Contemporary Labor Economics

ISBN: 9780073375953

9th Edition

Authors: Campbell McConnell, Stanley Brue, David Macpherson

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Question Posted: Sep 27, 2024 07:00 AM

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In equilibrium, the marginal rates of return, r, for those with more ability to extract earnings from

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Contemporary Labor Economics

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