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Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...
Persistent link: https://www.econbiz.de/10005763443
household characteristics (especially household income). The ``true'' intergenerational correlation between schooling … attainments and parents' education (after conditioning on observed and unobserved ability) is found to be quite low. Finally, our …
Persistent link: https://www.econbiz.de/10005566346
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10005566725
. Yet there is no gap in average disposable income between the two ethnic groups and poverty rates are very similar. This … paradox is due to members of Hui households earning more income outside the farm than members of Han households. Particularly … young male Hui living in poor villages have a remarkably high likelihood of migrating, thereby bringing home income to their …
Persistent link: https://www.econbiz.de/10010884335
north- and particularly the southwest. Low village income results in long-distance migration for many ethnic minorities, but …
Persistent link: https://www.econbiz.de/10005233816
of the urban population in work-active ages and use data from the Chinese Income Project (CHIP) covering eastern, central … being employed as a worker of high rank. There is relatively little income inequality among workers of high rank as well as … among workers of middle rank. Mean income and household wealth per capita of highly-ranked workers developed more favorably …
Persistent link: https://www.econbiz.de/10005822171