Question

Advantage of education for individual development

Answer 1

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Specific skills can only be measured through elaborate testing procedures which are normally too costly to perform. ... In econo- metric studies, for example, individual benefits are often reduced to educational returns in terms of income or wage development, avoidance costs and other measurable economic benefits.

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Answer 2

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⎇ In econo- metric studies, for example, individual benefits are often reduced to educational returns in terms of income or wage development, avoidance costs and other measurable economic benefits.