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We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...
Persistent link: https://www.econbiz.de/10011327826
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This paper examines the way immigrant earnings are determined in Australia. It uses the overeducation/required education/undereducation (ORU) framework (Hartog, 2000) and a decomposition of the native-born/foreign-born differential in the payoff to schooling developed by Chiswick and Miller...
Persistent link: https://www.econbiz.de/10003898600
This paper analyzes the effects of language practice on earnings among adult male immigrants in Canada using the 1991 Census. Earnings are shown to increase with schooling, pre-immigration experience and duration in Canada, as well as with proficiency in the official languages (English and...
Persistent link: https://www.econbiz.de/10011406870
Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based …
Persistent link: https://www.econbiz.de/10011544177
As Switzerland experiences a severe shortage of nurses, this paper investigates the impact of students' ex ante wage …. This suggests that policies that increase returns from studying nursing can attract students to nursing. In addition, the …
Persistent link: https://www.econbiz.de/10011283119
We use the method of Dominitz and Manski (1996) to solicit anticipated wagedistributions for continuing to a Master degree or going to work after completing theBachelor degree. The means of the distributions have an effect on intention to continue aspredicted by theory. The dispersions in these...
Persistent link: https://www.econbiz.de/10011386457
We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving … which handicapped the use of actual market wage dispersion as risk measure in earlier studies. Students in our sample … risk as expected by students we find compensation at similar elasticities as observed in market data. The results are …
Persistent link: https://www.econbiz.de/10003825129
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students possess before their decision on tertiary education participation. The sample is prone to selective participation and …
Persistent link: https://www.econbiz.de/10009306855