Non-linearities in the returns to education: sheepskin effects or threshold levels of human capital?
Harry Patrinos ()
Applied Economics Letters, 1996, vol. 3, issue 3, 171-173
Recent findings of non-linearities in the returns to education are cited as evidence of sheepskin effects, but evidence from Guatemala suggests otherwise. While non-linearities in the returns to education exist, it is argued that they are associated with 'threshold' levels.
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