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Estimating the technology of cognitive and noncognitive skill formation

Cunha, Flavio; Heckman, James J.; Schennach, Susanne M. - 2010

This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills … investment in children compared to later remediation. We establish nonparametric identfication of a general class of production … targeting of interventions to children with different parental and personal birth endowments. Substitutability decreases in …

Persistent link: https://www.econbiz.de/10010288377

The wage expectations of European college students

Brunello, Giorgio; Lucifora, Claudio; Winter-Ebmer, Rudolf - 2001

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 micro-data. In line with U.S. studies we find that students overestimate returns to education. …

Persistent link: https://www.econbiz.de/10010294525

Smoking, discount rates, and returns to education

Fersterer, Josef; Winter-Ebmer, Rudolf - 2000

Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope with ability bias in a returns to education...

Persistent link: https://www.econbiz.de/10010294523

Are Austrian Returns to Education Falling Over Time?

Fersterer, Josef; Winter-Ebmer, Rudolf - 1999

In this paper we make a systematic presentation of returns to education in Austria for the period 1981-1997. We use consistent cross-sections from the Mikrozensus and find falling returns over time. These falling returns are not caused by changes in the sample design and reduced willingness to...

Persistent link: https://www.econbiz.de/10010262293

Smoking, Discount Rates, and Returns to Education

Fersterer, Josef; Winter-Ebmer, Rudolf - 2000

Persistent link: https://www.econbiz.de/10010262347

Is Earnings Uncertainty Relevant for Educational Choice? An Empirical Analysis for China

Hartog, Joop; Ding, Xiaohao; Liao, Juan - 2011

We use the method of Dominitz and Manski (1996) to solicit anticipated wagedistributions for continuing to a Master degree or going to work after completing theBachelor degree. The means of the distributions have an effect on intention to continue aspredicted by theory. The dispersions in these...

Persistent link: https://www.econbiz.de/10010325861

Do students expect compensation for wage risk?

Schweri, Juerg; Hartog, Joop; Wolter, Stefan C. - 2009

We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving … which handicapped the use of actual market wage dispersion as risk measure in earlier studies. Students in our sample … risk as expected by students we find compensation at similar elasticities as observed in market data. The results are …

Persistent link: https://www.econbiz.de/10010276690

Returns to apprenticeship training in Austria: Evidence from failed firms

Fersterer, Josef; Pischke, Jörn-Steffen; Winter-Ebmer, … - 2007

Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. There is a lot of heterogeneity in the types of apprenticeships offered, and there might be an important element of selection in who obtains an apprenticeship, and what type. To...

Persistent link: https://www.econbiz.de/10010294032

Returns to Apprenticeship Training in Austria: Evidence from Failed Firms

Fersterer, Josef; Pischke, Jörn-Steffen; Winter-Ebmer, … - 2007

Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. OLS estimates suggest that the returns are similar to those of other types of schooling. However, there is a lot of heterogeneity in the types of apprenticeships offered, and...

Persistent link: https://www.econbiz.de/10010294568

Unobserved Heterogeneity and Risk in Wage Variance: Does Schooling provide Earnings Insurance?

Mazza, Jacopo; van Ophem, Hans; Hartog, Joop - 2011

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We replicate the original study on US men and extend to US women, UK men and German men. Most original results are not robust. A college education cannot universally be considered an...

Persistent link: https://www.econbiz.de/10010325796