Providing information on the returns to education in the labor market is seen as a powerful demand-side tool to encourage human capital accumulation. Jensen’s influential study in 2010 found that eighth-graders in the Dominican Republic substantially underestimate the returns to secondary schooling and significantly increase their schooling attainment upon receiving information on measured or “true” population returns. An information intervention of this type is attractive to policy-makers, in part because it is demonstrably cost-effective. Continue reading
- "Most of the people in the world are poor, so if we knew the economics of being poor, we would know much of the economics that really matters. Most of the world's poor people earn their living from agriculture, so if we knew the economics of agriculture, we would know much of the economics of being poor."
Nobel Lecture, 1979
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