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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...
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-Generation Immigrants whose parents are born in Africa and French-natives. We find that schooling attainments explain around two thirds of …
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ability, household background variables (especially parents' education) account for 68% of the explained crosssectional … explained variation in wages is accounted for by parents' background variables as opposed to 73% by unobserved abilities …
Persistent link: https://www.econbiz.de/10013319577
-Generation Immigrants whose parents are born in Africa and French-natives. We find that schooling attainments explain around two thirds of …
Persistent link: https://www.econbiz.de/10014211036
-Generation Immigrants whose parents are born in Africa and French-natives. We find that schooling attainments explain around two thirds of …
Persistent link: https://www.econbiz.de/10013324740
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
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/10011295416