Economics · Applied Econometrics

Education Economics — Returns to Schooling, Signalling, Selection

Estimate the causal return to a Costarian university degree, decompose the gross premium into human-capital, signalling and selection channels, and design an education-finance regime that knows which channel it is paying for. Costaria | Joint MEC–UNC Research Team | April 2026.

4 rounds Executive English, Español
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Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 4 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Human-Capital share (%)
  • Signalling share (%)
  • Selection share (%)
  • Headline estimator
  • Acknowledge Heckman curve / pre-K reallocation argument?
  • Apply Dale-Krueger correction to elite-college premium?
  • Recommended policy regime
  • Synthesis comparator regime

What participants track

What participants follow on screen as the rounds go by:

  • Team Decisions
  • Cumulative Honesty

Subjects covered

Designed for courses in Applied Econometrics.

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