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students in treatment schools were surveyed and given information on the labor market prospects associated with detailed post …-secondary programs. A third of the students report that the intervention led them to update their beliefs. Experimental estimates suggest … that it also affected the application behavior of the least informed students. However, this group of affected students is …
Persistent link: https://www.econbiz.de/10013014028
use in schools, and ii) home use by students. Theoretically, ICT investment and CAI use by schools and the use of …
Persistent link: https://www.econbiz.de/10013014062
We propose a duration-based explanation for the major equity risk factors, including value, profitability, investment, low-risk, and payout factors. Both in the US and globally, these factors invest in firms that earn most of their cash flows in the near future. The factors could therefore be...
Persistent link: https://www.econbiz.de/10012849772
We study the contribution of health shocks to earnings inequality and uncertainty in labor market outcomes. We calibrate a life-cycle model of labor supply and savings that incorporates health and health shocks. Our model features endogenous wage formation via human capital accumulation,...
Persistent link: https://www.econbiz.de/10012850983
regression discontinuity design, we show that marginally eligible students forego vocational education in favor of universities …, their labor market outcomes are not different from those of ineligible students. We find suggestive evidence that the lower … cutoff and show that supra-marginal students benefit from this policy …
Persistent link: https://www.econbiz.de/10012852353
The growth of the college wage premium decelerated after the 1980s and even more so since 2000. The deceleration challenges the skill-biased technological change theory which is the most powerful explanation for the rapid growth in the 1980s. In this research, I build a model that captures the...
Persistent link: https://www.econbiz.de/10012853296
We contribute to the debate on whether institutional investors have an information advantage in a novel way – by investigating institutional options holdings. We find that net institutional option holdings predict both future abnormal stock returns and earnings surprises, particularly for...
Persistent link: https://www.econbiz.de/10012853366
This paper uses the 1998-1999 Kosovo war and the following massive displacement of people as a natural experiment in order to estimate the impact of conflict displacement on labor market and education outcomes of Kosovars after they returned from exile. I exploit the interaction of the spatial...
Persistent link: https://www.econbiz.de/10012855157
We propose a labor market model in which financial firms compete for a scarce supply of workers who can either be employed as traders or as bankers. While hiring bankers allows to create a surplus that can be split between a firm and its trading counterparties, hiring traders helps to...
Persistent link: https://www.econbiz.de/10012857364
This paper presents new evidence on the relationship between education and income inequality by drawing evidence from … 145 countries between 1996 to 2016. Reviewing the economic theories of Simon Kuznets on income inequality and the … arguments of Theodore Schultz on the economic value of education, this study uses the Gini index in quantifying income …
Persistent link: https://www.econbiz.de/10012859598