Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10011480821
outcomes (including children's own expected lifetime resources and education) than the income measures traditionally used in … of lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life … wage income and disposable income measured over narrow windows of age that are used to proxy lifetime wealth. The …
Persistent link: https://www.econbiz.de/10013347030
emergence of differentials in abilities between children of advantaged families and children of disadvantaged families, (c) the …
Persistent link: https://www.econbiz.de/10003724128
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/10010418037
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/10011411871
This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in the structural dynamic discrete choice literature with approaches used in the reduced form treatment effect literature. It is an empirically robust middle ground between the two...
Persistent link: https://www.econbiz.de/10011476582
Persistent link: https://www.econbiz.de/10001776067
We investigate the relative significance of differences in cognitive skills and discrimination in explaining racial/ethnic wage gaps. We show that cognitive test scores taken prior to entering the labor market are influenced by schooling. Adjusting the scores for racial/ethnic differences in...
Persistent link: https://www.econbiz.de/10002544087
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/10002529838
This paper estimates the rate of return to the High/Scope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from...
Persistent link: https://www.econbiz.de/10003909167