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The evolution of inequality in education trajectories and graduation outcomes in the US

Belzil, Christian; Hansen, Jörgen; Liu, Xingfei - 2022

Longitudinal Survey of Youths which we follow from 16 to 28. We discuss the evolution of family income and ability effects where … component correlated with family income and background variables. We find that the individual cognitive-technical ability … differential prevailing at 16 was increasing with income in the early 80's but much less so in the early 2000's. We find no …

Persistent link: https://www.econbiz.de/10013260027

Earnings dispersion, risk aversion and eduation

Belzil, Christian; Hansen, Jörgen - 2002

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/10011411833

Estimating complementarity between education and training

Belzil, Christian (contributor); Hansen, Jörgen (contributor) - 2008

In this paper, we formulate and estimate a structural model of post-schooling training that explicitly allows for possible complementarity between initial schooling levels and returns to training. Precisely, the wage outcome equation depends on accumulated schooling and on the incidence of...

Persistent link: https://www.econbiz.de/10003784398

The distinction between dictatorial and incentive policy interventions and its implication for IV estimation

Belzil, Christian; Hansen, Jörgen - 2010

We investigate if, and under which conditions, the distinction between dictatorial and incentive-based policy interventions affects the capacity of Instrument Variable (IV) methods to estimate the relevant treatment effect parameter of an outcome equation. The analysis is set in a non-trivial...

Persistent link: https://www.econbiz.de/10003944633

Dynamic skill accumulation, comparative advantages, compulsory schooling, and earnings

Belzil, Christian; Hansen, Jörgen; Liu, Xingfei - 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/10009522490

Unobserved ability and the return to schooling

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...

Persistent link: https://www.econbiz.de/10011411639

A structural analysis of the correlated random coefficient wage regression model

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. The model allows for absolute and comparative advantages in the labor market and assumes that the population is composed of 8 unknown...

Persistent link: https://www.econbiz.de/10011411668

A structural analysis of the correlated random coefficient wage regression model with an application to the ols-iv puzzle

Belzil, Christian (contributor); Hansen, Jörgen (contributor) - 2005

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/10002772737

Reconciling changes in wage inequality with changes in college selectivity using a behavioral model

Belzil, Christian; Hansen, Jörgen - 2020

We estimate a structural dynamic Roy model of education, labor supply and earnings on the 1979 and 1997 cohorts of males taken from the National Longitudinal Survey of Youth (NLSY) and evaluate to what extent changes in education and labor supply decisions across cohorts have been explained by...

Persistent link: https://www.econbiz.de/10012237798

Calibration and IV estimation of a wage outcome equation in a dynamic environment

Belzil, Christian (contributor); Hansen, Jörgen (contributor) - 2008

We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...

Persistent link: https://www.econbiz.de/10003724129