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Innis lecture : return on student loans in Canada
Lochner, Lance; Liu, Qian; Gervais, Martin - 2021
This paper uses new administrative data with detailed borrower information and lengthy repayment histories from the Canada Student Loans Program (CSLP) to mea- sure rates of return on undergraduate student loans. We document substantial heterogeneity in returns based on information available at...
Persistent link: https://www.econbiz.de/10012605047
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Wages, skills, and skill-biased technical change : the canonical model revisited
Bowlus, Audra J.; Lochner, Lance; Robinson, Chris; … - 2021
The canonical supply{demand model of the wage returns to skill has been extremely in uential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...
Persistent link: https://www.econbiz.de/10012550126
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Child skill production : accounting for parental and market-based time and goods investments
Caucutt, Elizabeth M.; Lochner, Lance; Mullins, Joseph; … - 2020
This paper studies the multidimensional nature of investments in children within a dynamic framework. In particular, we … dynamics of skill accumulation. Fourth, we use data from the Child Development Supplement of the Panel Study of Income Dynamics … to estimate the skill production technology for children ages 12 and younger. Our estimates suggest complementarity …
Persistent link: https://www.econbiz.de/10012286531