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Persistent link: https://www.econbiz.de/10012254466
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...
Persistent link: https://www.econbiz.de/10010418037
This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non-market outcomes including incarceration, mental health, voter...
Persistent link: https://www.econbiz.de/10011734499
This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century China when allowing for heterogeneous returns among individuals selecting into schooling based on these differences. We use recently developed semiparametric methods to identify...
Persistent link: https://www.econbiz.de/10011571520
the age ranges that best predict important human capital outcomes of children. The predictive power of parental resources … traditional snapshot proxies for lifetime incomes based on income flows at certain age windows in predicting child outcomes … used. We also find that the financial resources of parents compensate in part for non-monetary inputs to child human …
Persistent link: https://www.econbiz.de/10014249237
the age ranges that best predict important human capital outcomes of children. The predictive power of parental resources … traditional snapshot proxies for lifetime incomes based on income flows at certain age windows in predicting child outcomes … used. We also find that the financial resources of parents compensate in part for nonmonetary inputs to child human capital …
Persistent link: https://www.econbiz.de/10014248011
Persistent link: https://www.econbiz.de/10000654981
Persistent link: https://www.econbiz.de/10000576451
Persistent link: https://www.econbiz.de/10000929246
This paper examines the family income-college enrollment relationship and the evidence on credit constraints in post … ability. Long-run factors crystallized in ability are the major determinants of the family income-schooling relationship …
Persistent link: https://www.econbiz.de/10011411871