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institution:"CESifo"
~institution:"Economics Research, World Bank Group"
~institution:"IGI Global"
~institution:"Institute for the Study of Labor (IZA)"
~institution:"Organisation for Economic Co-operation and Development"
~person:"Heckman, James J."
~person:"Lofstrom, Magnus"
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Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments
Eisenhauer, Philipp
;
Heckman, James J.
;
Mosso, Stefano
-
Institute for the Study of Labor (IZA)
-
2014
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...
Persistent link: https://www.econbiz.de/10010959620
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2
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
Saved in:
3
Selection Bias, Comparative Advantage and Heterogeneous Returns to Education: Evidence from China in 2000
Heckman, James J.
;
Li, Xuesong
-
Institute for the Study of Labor (IZA)
-
2003
This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century China when allowing for heterogeneous returns among individuals selecting into schooling based on these differences. We use recently developed semiparametric methods to identify...
Persistent link: https://www.econbiz.de/10005822541
Saved in:
4
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
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5
Policies to Create and Destroy Human Capital in Europe
Heckman, James J.
;
Jacobs, Bas
-
Institute for the Study of Labor (IZA)
-
2009
complementarities in skill formation. Investments in the human capital of
children
should expand relative to investment in older workers …
Persistent link: https://www.econbiz.de/10008496994
Saved in:
6
The GED
Heckman, James J.
;
Humphries, John Eric
;
Mader, Nicholas S.
-
Institute for the Study of Labor (IZA)
-
2010
induces some
students
to drop out of school. The GED program is unique to the United States and Canada, but provides policy …
Persistent link: https://www.econbiz.de/10008568301
Saved in:
7
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
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