Question

Pick any paper cited by Card (1999) and read it. (You don’t have to read it in great detail, but you should at least read the entire introduction.) In a paragraph or two, summarize the paper, its key assumptions, and its results. How persuasive do you find the paper?

Answer 1

The paper titled "The Causal Effect of Education on Earnings" tries to find out the relationship between the level of education and the earnings of the individual. It has been commonly observed that people with higher education generally earn higher wages, experience less unemployment and work in more prestigious organizations.

It has been observed from the study that quarterly pattern in school attainment is matched by similar pattern in earnings.

For twin population, twins having the same skills and knowledge usually show the similar earning potential.

It has been observed that family background plays an important role in the kid's education. Kids whose parents are well educated generally excel in their studies whereas, kids whose parents are less educated, have a little scope to excelin their studies.

It has also been observed, that individuals who complete their education before entering the job market have better earning prospects than their counterparts.