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Earnings Dispersion, Risk Aversion and Education

Belzil, Christian; Hansen, Jorgen - 2021

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/10013320490

A Structural Analysis of the Correlated Random Coefficient Wage Regression Model

Belzil, Christian; Hansen, Jorgen - 2021

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. The model allows for absolute and comparative advantages in the labor market and assumes that the population is composed of 8 unknown...

Persistent link: https://www.econbiz.de/10013320491

Unobserved Ability and the Return to Schooling

Belzil, Christian; Hansen, Jorgen - 2021

We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...

Persistent link: https://www.econbiz.de/10013320494

Heterogeneous Returns to Human Capital and Dynamic Self-Selection

Belzil, Christian; Hansen, Jorgen - 2021

We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience. Homogeneity of the returns to human capital is strongly rejected in favor of a discrete...

Persistent link: https://www.econbiz.de/10013321010

Earnings dispersion, risk aversion and education

Belzil, Christian - 2002

Persistent link: https://www.econbiz.de/10013424166

A structural analysis of the correlated random coefficient wage regression model

Belzil, Christian - 2002

Persistent link: https://www.econbiz.de/10013424167

Estimating a model of qualitative and quantitative education choices in France

Belzil, Christian; Poinas, François - 2018

Persistent link: https://www.econbiz.de/10013484414

Testing the Specification of the Mincer Wage Equation

Belzil, Christian - 2021

I perform the joint estimation of a reduced-form dynamic model of the transition from one grade level to the next, and a Mincer wage equation, using panel data taken from the NLSY. A very high degree of flexibility is achieved by approximating the distributions of idiosyncractic grade transition...

Persistent link: https://www.econbiz.de/10013317194

Intended College Attendance : Evidence from an Experiment on College Returns and Costs

Bleemer, Zachary - 2015

information intervention, gaps in intended college attendance by household income or parents' education persist but decline by 20 … evidence of larger biases among lower-income and non-college households. We also elicit respondents' intended likelihood of … their pre-college-age children attending college, and the likelihood of respondents recommending college for a friend …

Persistent link: https://www.econbiz.de/10013014939

Preference for the workplace, human capital, and gender

Wiswall, Matthew; Zafar, Basit - 2016

Persistent link: https://www.econbiz.de/10011474762