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When investigating the impact of education on earnings, scholars face several empirical challenges. One such challenge arises from the potential influence of a third variable,
When investigating the impact of education on earnings, scholars face several empirical challenges. One such challenge arises from the potential influence of a third variable, such as family income, which could simultaneously affect both education and earnings in the estimation. To mitigate these challenges, some scholars compare twins from the same family. What are the advantages and disadvantages of doing so?
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