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Problem 4 Suppose that the returns to education is 13.4% per year for the first 4 years, 10.1%
pear year for the next 4 years, and 6.8% per year after that. What fraction of wages is the result
of human capital for a worker who has 9 years of education?

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  • 1. Problem 4 Suppose that the returns to education is 13.4% per year for the first 4 years, 10.1% pear year for the next 4 years, and 6.8% per year after that. What fraction of wages is the result of human capital for a worker who has 9 years of education?