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  • Paul J. Taubman and Terence Wales, Higher Education and Earnings: College as an Investment and Screening Device (NBER, 1974), chap. 3, https://www.nber.org/books-and-chapters/higher-education-and-earnings-college-investment-and-screening-device/effects-education-and-mental-ability-income-evidence-wolfe-smith-data.

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