Showing 41 - 50 of 102
Increasing earnings inequality has been an important feature of the US and UK labour markets in recent years. The increase appears to be related to an increased demand for skilled labour and an increase in the returns to education. In this paper we examine what has happened to earnings...
Persistent link: https://www.econbiz.de/10005124097
This paper examines the empirical evidence regarding the poor performance of the youth labour market in Spain over the last two decades, which entails very high unemployment for both higher and lower educated workers, symptoms of over-education, and low intensity of on-the-job training. It also...
Persistent link: https://www.econbiz.de/10005136544
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 microdata. In line with US studies we find that students overestimate returns to education. …
Persistent link: https://www.econbiz.de/10005497746
We model educational investment and labour supply in a competitive economy with home and market production. Heterogeneous workers are assumed to have different productivities both at home and in the workplace. Following Rosen (1983), we show that there are private increasing returns to education...
Persistent link: https://www.econbiz.de/10005497970
the average school-leaving age of students holding the same certificate or degree. We use past school-opening instruments …, and distance-to-the-nearest-college, also measured in the past, when students were entering grade 6, to identify the …
Persistent link: https://www.econbiz.de/10005498114
This paper considers an economy where skilled and unskilled workers use different technologies. The rate of improvement of each technology is determined by a profit-maximizing R&D sector. When there is a high proportion of skilled workers in the labour-force, the market for skill-complementary...
Persistent link: https://www.econbiz.de/10005504709
children are likely to earn a higher wage as young adults. This effect more than fully offsets the foregone earnings due to … set) and that parents are able to borrow (or internally fund) the investment in schooling. …
Persistent link: https://www.econbiz.de/10005067577
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/10005067578
Using data for the 1990s, this Paper examines the role of sheepskin effects in the returns to education for Japan. Our estimations indicate that sheepskin effects explain about 50% of the total returns to schooling. We further find that sheepskin effects are only important for workers in small...
Persistent link: https://www.econbiz.de/10005656206
We use a new sample of UK female identical twins to estimate private economic returns to education. We report findings in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education reported by the other twin to control for schooling...
Persistent link: https://www.econbiz.de/10005662039