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If folks are at all interested, ideas that are directly related to the point the author brings up have been studied quite in-depthly, both theoretically and emp
by ChicagoBoy11 5y ago
If folks are at all interested, ideas that are directly related to the point the author brings up have been studied quite in-depthly, both theoretically and empirically, in the human capital econ literature.
Gary Becker's lecture on Human Capital is a fantastic survey of the field (which he in part invented):
https://www.youtube.com/watch?v=QajILZ3S2RE&list=PL9334868E7A821E2A https://www.youtube.com/watch?v=QajILZ3S2RE&list=PL9334868E7...
- ChicagoBoy11 5y agoAddendum: There's also a humongous literature on organizational economics which also addresses implications of the observability of these "slopes" or "intercepts", etc.