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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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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
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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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Money and Mental Wellbeing: A Longitudinal Study of Medium-Sized Lottery Wins
Gardner, Jonathan; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2006
One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between £1000 and £120,000 (that is, up to approximately U.S. $200,000). When compared to...
Persistent link: https://www.econbiz.de/10005761732
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Does Money Make People Right-Wing and Inegalitarian? A Longitudinal Study of Lottery Winners
Powdthavee, Nattavudh; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2014
The causes of people's political attitudes are largely unknown. We study this issue by exploiting longitudinal data on lottery winners. Comparing people before and after a lottery windfall, we show that winners tend to switch towards support for a right-wing political party and to become less...
Persistent link: https://www.econbiz.de/10010739414
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Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects
Neve, Jan-Emmanuel De; Oswald, Andrew J. - CESifo - 2012
The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person’s well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …
Persistent link: https://www.econbiz.de/10010595387
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Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects
De Neve, Jan-Emmanuel; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2012
The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …
Persistent link: https://www.econbiz.de/10010705552