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decline in routine tasks causes major shifts in education investments of high school students, where they invest less in … inequality in the next generation. Low-ability and low-SES students are most responsive to task-biased demand changes and, as a …
Persistent link: https://www.econbiz.de/10014233044
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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Why do individuals choose different types of post-secondary education, and what are the labor market consequences of those choices? We show that answering these questions is difficult because individuals choose between several unordered alternatives. Even with a valid instrument for every type...
Persistent link: https://www.econbiz.de/10010468732
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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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