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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

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

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

Persistent link: https://www.econbiz.de/10013355190

Subjective discount rates, intergenerational transfers and the return to schooling

Belzil, Christian; Hansen, Jörgen - 1999

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...

Persistent link: https://www.econbiz.de/10011313951

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

Household characteristics, ability and education : evidence from a dynamic expected utility model

Belzil, Christian; Hansen, Jörgen - 1999

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

College investments and college wage premiums in Sweden

Hansen, Jörgen - 1997

Persistent link: https://www.econbiz.de/10000954493

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

The timing of earnings sampling over the life-cycle and IV identification of the return to schooling

Belzil, Christian; Hansen, Jörgen - 2012

We show that within a life-cycle skill accumulation model, IV identification of the return to schooling parameter is either achieved at any point in the life-cycle where the level of skills accumulated beyond school completion for compliers is exactly equal to the post-schooling skill level of...

Persistent link: https://www.econbiz.de/10009569599

Dynamic skill accumulation, comparative advantages, compulsory schooling and earnings

Belzil, Christian; Hansen, Jörgen; Liu, Xingfei - 2012

Persistent link: https://www.econbiz.de/10009552186