Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10012481141
This paper develops a model of crime in which human capital increases the opportunity cost of crime from foregone work and expected costs associated with incarceration. Older, more intelligent, and more educated adults should commit fewer street (unskilled) crimes. White collar crimes decline...
Persistent link: https://www.econbiz.de/10012468215
. This framework demonstrates that non-monetary costs of applying for income-based repayment assistance are critical to … may be inefficient and lead to undesirable redistribution. Empirically, we demonstrate that expanding Canada's income …
Persistent link: https://www.econbiz.de/10012452858
This paper examines the implications of tuition and need-based financial aid policies for family income - post …-secondary (PS) attendance relationships. We first conduct a parallel empirical analysis of the effects of parental income on PS … income in Canada relative to the U.S., even after controlling for family background, adolescent cognitive achievement, and …
Persistent link: https://www.econbiz.de/10012461439
throughout their lives, parents' initial skills and skill growth rates are equally important determinants of children's skills … lower for children born to younger fathers … transmission of these factors explains up to 40% of children's skill variation. Skills become a more important determinant of …
Persistent link: https://www.econbiz.de/10012482360
This paper uses new administrative data with detailed borrower information and lengthy repayment histories from the Canada Student Loans Program (CSLP) to measure rates of return on undergraduate student loans. We document substantial heterogeneity in returns based on information available at...
Persistent link: https://www.econbiz.de/10012616578
We consider a general framework to study the evolution of wage and earnings residuals that incorporates features highlighted by two influential but distinct literatures in economics: (i) unobserved skills with changing non-linear pricing functions and (ii) idiosyncratic shocks with both...
Persistent link: https://www.econbiz.de/10012458596
have increased. We discuss these trends as well as recent evidence on the extent to which students are able to obtain … student credit arrangements that balance three important objectives: (i) providing credit for students to access college and … outcomes in the form of income-contingent repayments, and (iii) providing incentives for student borrowers to honor their loan …
Persistent link: https://www.econbiz.de/10012457817
, over half of all low-income borrowers manage to make timely payments. We demonstrate that other financial resources in the … advocated for a move to an income-based repayment system. Under such a system, many low-income borrowers in good-standing (due … payment among those that are currently delinquent or in default since their income levels are so low. Specifically, we show …
Persistent link: https://www.econbiz.de/10012458947
estimate changes in the effects of ability and family income on educational attainment for youth in their late teens during the … cohorts, while family income plays little role in determining high school completion in either cohort. Most interestingly, we … document a dramatic increase in the effects of family income on college attendance (particularly among the least able) from the …
Persistent link: https://www.econbiz.de/10012465119