9. Assume the returns to education that we used in the mini-lecture (which are based on research conducted around the world). For a person with 6 years of schooling, what fraction of their income would be due to their schooling ? (8 points) It would appear that roughly half of their income . Because if we assume a person with no schooling earns a $1, than at 6 years of schooling they would likely be earning $1 X 1.134* X 1.101 which is equal to $2, $2-$1 = $1, $1 is half of $2