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In "The Varied Economic Returns to Postsecondary Education: New Evidence from the
Class of 1972", an article recently published in the Journal of Human Resources (Volume 28,
no. 2, pp. 365-382), Norton Grubb reaches two main conclusions: (1) students who…

This paper assesses the ability of a simple search—theoretic
model to explain the results of two controlled reemployment bonus
experiments. The availability of two independent experiments
with substantially different treatments allows for a rigorous
test of the model. Parameters of…