Consider the following facts. After the age of 25, persons withcollege degrees earn more than persons with no education beyondtheir high school degrees, ceteris paribus. Moreover, persons withhigh school degrees earn the same as persons who have had somecollege trainingA????1no matter the number of years of collegeA????1but nevercomplete their degree, ceteris paribus. Which model of educationalattainment better explains these facts (and why)?
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