Showing 1 - 10 of 547
incentives to invest optimally ex ante in education. …
Persistent link: https://www.econbiz.de/10005123718
We use a quantile regression framework to investigate the degree to which work-related training affects the location, scale and shape of the conditional wage distribution. Human capital theory suggests that the percentage returns to training investments will be the same across the conditional...
Persistent link: https://www.econbiz.de/10005124003
unemployment rates. It may be the case that this locus is steep enough to generate increasing returns to education. This may lead … to multiple equilibria: a high-education equilibrium may coexist with a low-education equilibrium. In the former, the … Pareto-ranked, but the latter is preferred to the former by workers, while `savers' prefer the high-education equilibrium. …
Persistent link: https://www.econbiz.de/10005124159
This paper exploits an unusual policy reform that had the effect of reducing the direct cost of schooling in Ireland in the late 1960’s. This gave rise to an increased level of schooling but with effects that vary substantially across family background. This interaction of educational reform...
Persistent link: https://www.econbiz.de/10005067582
Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....
Persistent link: https://www.econbiz.de/10009643505
This paper discusses the specificities of the labor market for older workers. It discusses the implications of those specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment benefits indexed backwards and hiring costs are...
Persistent link: https://www.econbiz.de/10008506842
This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer (2006) for estimating production functions to control for the endogeneity of input factors and training is applied....
Persistent link: https://www.econbiz.de/10008528543
The Swedish adult education program known as the Knowledge Lift (1997--2002) was unprecedented in its size and scope …
Persistent link: https://www.econbiz.de/10005123553
to seniority are small, and for some education groups are close to zero. The specification here is the same as that used …
Persistent link: https://www.econbiz.de/10005123576
education levels, education levels being themselves determined by an Ordered Probit model. We find small but significant values …
Persistent link: https://www.econbiz.de/10005123629