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Heckman, James J. - 2008

internal rates of return that take into account tuition costs, income taxes and nonlinearities in the earnings …

Persistent link: https://www.econbiz.de/10012464867

Earnings Functions, Rates of Return and Treatment Effects : The Mincer Equation and Beyond

Heckman, James J. - 2005

This paper considers the interpretation of "Mincer rates of return." We test and reject the Mincer model. It fails to track the time series of true returns. We show how repeated cross section and panel data improves the ability of analysts to estimate the ex ante and ex post marginal rate of...

Persistent link: https://www.econbiz.de/10012467134

Personality Psychology and Economics

Almlund, Mathilde - 2011

This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is...

Persistent link: https://www.econbiz.de/10012461835

Schools, Skills, and Synapses

Heckman, James J. - 2008

emergence of differentials in abilities between children of advantaged families and children of disadvantaged families, (c) the …

Persistent link: https://www.econbiz.de/10012464582

Separating Uncertainty from Heterogeneity in Life Cycle Earnings

Cunha, Flavio - 2005

forecastable at the time students decide to go to college (heterogeneity) and components that are unforecastable. About 60% of …

Persistent link: https://www.econbiz.de/10012467663

Labor Market Discrimination and Racial Differences in Premarket Factors

Carneiro, Pedro - 2003

. Their study has been faulted because minority children and their parents may have pessimistic expectations about receiving … outcomes, minority parents and children have more pessimistic expectations about child schooling relative to white children and … their parents when their children are young. At later ages, expectations are more uniform across racial and ethnic groups …

Persistent link: https://www.econbiz.de/10012468626

Selection Bias, Comparative Advantage and Heterogeneous Returns to Education

Heckman, James J. - 2003

This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century China when allowing for heterogeneous returns among individuals selecting into schooling based on these differences. We use recently developed semiparametric methods to identify...

Persistent link: https://www.econbiz.de/10012468820

The Evidence on Credit Constraints in Post-Secondary Schooling

Carneiro, Pedro - 2002

This paper examines the family income -- college enrollment relationship and the evidence on credit constraints in post … ability. Long-run factors crystallized in ability are the major determinants of the family income -- schooling relationship …

Persistent link: https://www.econbiz.de/10012469658

Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

Eisenhauer, Phillipp - 2014

We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...

Persistent link: https://www.econbiz.de/10012458043

Inference with Imperfect Randomization : The Case of the Perry Preschool Program

Heckman, James J. - 2011

This paper considers the problem of making inferences about the effects of a program on multiple outcomes when the assignment of treatment status is imperfectly randomized. By imperfect randomization we mean that treatment status is reassigned after an initial randomization on the basis of...

Persistent link: https://www.econbiz.de/10012461713