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Household Characteristics, Ability and Education: Evidence´ from a Dynamic Expected Utility Model

Belzil, Christian; Hansen, Joergen - 1999

household characteristics (especially household income). The ``true'' intergenerational correlation between schooling … attainments and parents' education (after conditioning on observed and unobserved ability) is found to be quite low. Finally, our …

Persistent link: https://www.econbiz.de/10010262274

Subjective Discount Rates, Intergenerational Transfers and the Return to Schooling

Belzil, Christian; Hansen, Jörgen - 1999

Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...

Persistent link: https://www.econbiz.de/10010262285

A Comparison of the Human Capital and Signaling Models: The Case of the Self-Employed and the Increase in the Schooling Premium in the 1980?s

Lofstrom, Magnus - 2000

This paper utilizes the self-employed to analyze the observed increase in the educational earnings premium in the 1980?s. The paper compares the predictions of the signaling and human capital models in response to an exogenous demand shock such as a skill-biased technological change. Since the...

Persistent link: https://www.econbiz.de/10010262368

Interpreting degree effects in the returns to education

Flores-Lagunes, Alfonso; Light, Audrey - 2009

Researchers often identify degree effects by including degree attainment (D) and years of schooling (S) in a wage model, yet the source of independent variation in these measures is not well understood. We argue that S is negatively correlated with ability among degree-holders because the most...

Persistent link: https://www.econbiz.de/10010269332

The GED

Heckman, James Joseph; Humphries, John Eric; Mader, … - 2010

induces some students to drop out of school. The GED program is unique to the United States and Canada, but provides policy …

Persistent link: https://www.econbiz.de/10010274263

Returns to Education in Professional Football

Böheim, René; Lackner, Mario - 2011

After three years in the National Collegiate Athletic Association (NCAA), collegiate football players face a trade-off between spending more time in the NCAA and pursuing a career in the National Football League (NFL) by declaring for the draft. We analyze the starting salaries and signing...

Persistent link: https://www.econbiz.de/10010294892

Returns for entrepreneurs vs. employees: the effect of education and personal control on the relative performance of entrepreneurs vs. wage employees

van Praag, C. Mirjam; van Witteloostuijn, Arjen; van … - 2009

measure 'income'). This is the case even when estimating individual fixed effects of the differential returns to education for …/or whether we use instrumental variables to cope with the endogenous nature of education in income equations. Finally, we find …

Persistent link: https://www.econbiz.de/10010277025

Returns to education in professional football

Böheim, René; Lackner, Mario - 2011

Persistent link: https://www.econbiz.de/10010278517

Returns for Entrepreneurs versus Employees: The Effect of Education and Personal Control on the Relative Performance of Entrepreneurs vis-a-vis Wage Employees

van Praag, Mirjam; van Witteloostuijn, Arjen; van der … - 2009

measure ‘income’). This is the case even when estimating individual fixed effects of the differential returns to education for …/or whether we use instrumental variables to cope with the endogenous nature of education in income equations. Finally, we find …

Persistent link: https://www.econbiz.de/10010325994

Real wage inequality

Moretti, Enrico - 2008

A large literature has documented a significant increase in the return to college over the past 30 years. This increase is typically measured using nominal wages. I show that from 1980 to 2000, college graduates have increasingly concentrated in metropolitan areas that are characterized by a...

Persistent link: https://www.econbiz.de/10010268731