<p>Re: <a href=“http://www.iza.org/conference_files/CoNoCoSk2011/gensowski_m6556.pdf”>http://www.iza.org/conference_files/CoNoCoSk2011/gensowski_m6556.pdf</a></p>
<p>Of course, one must use the caution in that educational decisions by the people in question were made decades (or even a century) ago, so financial “return on investment” of additional education may differ now compared to when the people in that study made their educational decisions. Over the past century, the educational landscape in the US has changed considerably.</p>