Narrow search
Showing 1 - 4 of 4
Cover Image
Dynamic Skill Accumulation, Comparative Advantages, Compulsory Schooling, and Earnings
Belzil, Christian - 2011
We show that a calibrated dynamic skill accumulation model allowing for comparative advantages, can explain the weak (or negative) effects of schooling on productivity that have been recently reported (i) in the micro literature on compulsory schooling, ii) in the micro literature on estimating...
Persistent link: https://www.econbiz.de/10013117619
Cover Image
A Structural Analysis of the Correlated Random Coefficient Wage Regression Model with an Application to the Ols-Iv Puzzle
Belzil, Christian; Hansen, Jorgen - 2021
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/10013318534
Cover Image
Earnings Dispersion, Risk Aversion and Education
Belzil, Christian; Hansen, Jorgen - 2021
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/10013320490
Cover Image
A Structural Model of Educational Attainment in Canada
Hansen, Jorgen - 2013
benefits from investing in education. The results suggest that the effect of an increase in parental income on educational … attainment is modest. For example, a 25 percent increase in parental income is predicted to increase post-secondary education … (PSE) attendance by one percent only. However, our results indicate that financial resources, other than parental income …
Persistent link: https://www.econbiz.de/10013085475