Similar Search Results

Absolute Risk Aversion and the Returns to Education

Brunello, Giorgio - Institute for the Study of Labor (IZA) - 2000

Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household … income, is used as an instrument for attained education in a standard log earnings equation. I find that, in line with the …

Persistent link: https://www.econbiz.de/10005761664

Modeling the Signaling Value of the GED with an Application to an Exogenous Passing Standard Increase in Texas

Lofstrom, Magnus; Tyler, John H. - Institute for the Study of Labor (IZA) - 2007

In this paper we develop a simple model of the signaling value of the GED credential. The model illustrates necessary assumptions for a difference-in-difference estimator, which uses a change in the GED passing standard, to yield unbiased estimates of the signaling value of the GED for marginal...

Persistent link: https://www.econbiz.de/10005762225

Measuring the Returns to the GED: Using an Exogenous Change in GED Passing Standards as a Natural Experiment

Lofstrom, Magnus; Tyler, John - Institute for the Study of Labor (IZA) - 2004

In this paper, we exploit an exogenous change in the passing standard required to obtain a General Educational Development (GED) credential to identify the impact of the GED on the quarterly earnings of male dropouts, utilizing the Texas Schools Micro Data Panel (TSMP). These unique data contain...

Persistent link: https://www.econbiz.de/10005703330

The Wage Expectations of European College Students

Brunello, Giorgio; Lucifora, Claudio; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 2001

the results of the first systematic study of the wage expectations of European college students. Our data are based on the … replies to the same questionnaire by more than 6000 college students all over Europe. We study the determinants of wage …-specific micro-data. In line with U.S. studies we find that students overestimate returns to education. …

Persistent link: https://www.econbiz.de/10005703334

A Comparison of the Human Capital and Signaling Models: The Case of the Self-Employed and the Increase in the Schooling Premium in the 1980's

Lofstrom, Magnus - Institute for the Study of Labor (IZA) - 2000

This paper utilizes the self-employed to analyze the observed increase in the educational earnings premium in the 1980’s. The paper compares the predictions of the signaling and human capital models in response to an exogenous demand shock such as a skill-biased technological change. Since the...

Persistent link: https://www.econbiz.de/10005763554

Lost in Transition? The Returns to Education Acquired under Communism 15 Years after the Fall of the Berlin Wall

Brunello, Giorgio; Crivellaro, Elena; Rocco, Lorenzo - Institute for the Study of Labor (IZA) - 2010

Using data for 22 economies in Eastern and Western Europe, we find evidence that having studied under communism is relatively penalized in the economies of the late 2000s. This evidence, however, is limited to males and to primary and secondary education, and holds for eight CEE economies but...

Persistent link: https://www.econbiz.de/10008805615