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is related to the measure of risk emphasized by the theory. We first discriminate amongst various models of earnings …-specific differences in the stochastic process for earnings and for measurement error. The conditional variance of the income shocks is …
Persistent link: https://www.econbiz.de/10005791929
The paper studies the effects of Familias en Acción, a conditional cash transfer programme implemented in rural areas in Colombia in 2002, on school enrolment and child labour. Using a quasi-experimental approach, our methodology makes use of an interesting feature of the data, which allows us...
Persistent link: https://www.econbiz.de/10005123901
We present identification and estimation results for the 'collective' model of labour supply in which there are discrete choices, censoring of hours and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied...
Persistent link: https://www.econbiz.de/10005504396
We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer to the technological frontier under the reasonable...
Persistent link: https://www.econbiz.de/10005792394
including a complete employment and earnings history for each worker in our sample. We find evidence of increased labour market …
Persistent link: https://www.econbiz.de/10005136649