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We propose a simple theoretical model of supervised learning that is potentially useful to interpret a number of empirical phenomena. The model captures a basic tradeoff between sheltering the child from the consequences of his mistakes, and allowing him to learn from experience. We characterize...
Persistent link: https://www.econbiz.de/10010266272
This study exposes a comparative treatment of the private returns to education in Palestine and Turkey over the period 2004-2008. Comparable data, similar definitions and same methodology are used in the estimations. The estimates are provided first for average returns to education second for...
Persistent link: https://www.econbiz.de/10010320529
This paper investigates the male wage inequality and its evolution over the 1994- 2002 period in Turkey by estimating Mincerian wage equations using OLS and quantile regression techniques. Male wage inequality is high in Turkey. While it declined at the lower end of the wage distribution it...
Persistent link: https://www.econbiz.de/10010320559
suggest that boys are favored by their parents relative to girls. Furthermore, the gender of their siblings shows no …
Persistent link: https://www.econbiz.de/10010297262
university education for their children. The latter are more likely to underestimate returns and overestimate costs of university …
Persistent link: https://www.econbiz.de/10011932956
The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes agents to have model-consistent beliefs and to avoid systematic prediction errors. In reality, justi cation and identification of expectations are nontrivial. One way to solve this problem is...
Persistent link: https://www.econbiz.de/10012290349
through the tax-and-transfer system, cohort effects, and the effect of income pooling within households. For this purpose we … system and income pooling within couple households affect private returns and decompose the fiscal returns into its major …
Persistent link: https://www.econbiz.de/10012405654
and a social return of 10 percent. Using the number of children younger than age 15 in the household as an exclusion …
Persistent link: https://www.econbiz.de/10012156200
according to income levels and gender. This paper is based on the National Household Sample Survey (PNAD) carried out by the … (MAs) in the country, than the in the other MAs. Second, workers in the poorest population segment (1st income decile … times. However, these worsening conditions have been more pronounced in the 1st income decile and especially the 7th-10th …
Persistent link: https://www.econbiz.de/10012234204