Beyond Signaling and Human Capital: Education and the Revelation of Ability
---- Acknowledgements -----
We thank Joseph Altonji, Hanming Fang, Joseph Hotz, Brian Jacob, Fabian Lange, Derek Neal an seminar participants at the NBER, University of Michigan, and Duke University for their valuable comments and suggestions. We are also grateful to Fabian Lange for sharing his programs with us. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.