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"I perform the joint estimation of a reduced-form dynamic model of the transition from one grade level to the next, and …
Persistent link: https://www.econbiz.de/10003476496
We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. The model allows for absolute and comparative advantages in the labor market and assumes that the population is composed of 8 unknown...
Persistent link: https://www.econbiz.de/10011411668
We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set within a correlated random coefficient model and we use the structural estimates to perform counterfactual experiments. We show that the estimates of the dynamic...
Persistent link: https://www.econbiz.de/10002772737
Persistent link: https://www.econbiz.de/10001982769