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Two people have different levels of education. The person with one more year of education earns...

  1. Two people have different levels of education. The person with one more year of education earns more money. A researcher wants to measure the return to education. To do so, he looks at the earnings of these two people and calls the difference between them the “return to one year of education”.
    1. Explain carefully what is wrong with this method (you may use words, graphs, or any other method to explain this, but be clear about what you mean).
    2. Does this method probably give an overestimate or underestimate of the return to education? Explain why.
    3. Now suppose the researcher controls for things like gender, race, and experience. Is this better than just looking at the difference in earnings? Explain what is good and bad about this method.
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Answer #1

Pg.NO! - 1 Answer:- Return to Education what you have researched for two peoples in which one of them in Яning moje To CompoЯPg. No: - 2 recognized university. This would help them to get more package in terms of money in one will Earn moge to otherPg.NO:-3 Experience then difference in income is normal. It would also leads to difference but only different of one of incom

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