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Dustmann, Christian; Rajah, Najma; van Soest, Arthur - C.E.P.R. Discussion Papers - 2002

This Paper examines the effects of class size on the decision to stay on in full time schooling at the age of 16 and on wages at later stages in life. Little research exists on the effect of school quality on career decisions, although it has potentially important long-term implications. We use...

Persistent link: https://www.econbiz.de/10005498143

Retaining through training; even for older workers

Picchio, Matteo; Ours, Jan C van - C.E.P.R. Discussion Papers - 2011

This paper investigates whether on-the-job training has an effect on the employability of workers. Using data from the Netherlands we disentangle the true effect of training incidence from the spurious one determined by unobserved individual heterogeneity. We also take into account that there...

Persistent link: https://www.econbiz.de/10008921779

The Effect of College Employment on Graduation: Evidence from France

Beffy, Magali; Fougère, Denis; Maurel, Arnaud - C.E.P.R. Discussion Papers - 2013

This paper investigates the effect of employment while in college on graduation, using data from the French Labour Force Surveys over the period 1992 to 2002. Using spatial variation in low-skill youth unemployment rates to circumvent the endogeneity of college employment decisions, we find a...

Persistent link: https://www.econbiz.de/10011083370

Risk Aversion and Human Capital Investment: A Structural Econometric Model

Brodaty, Thomas; Gary-Bobo, Robert J.; Prieto, Ana - C.E.P.R. Discussion Papers - 2006

We propose to model individual educational investments as a rational decision, maximizing expected utility, conditional on some characteristics observed by the student, under the combined risks affecting future wages and schooling duration. Assuming that students' attitudes toward risk can be...

Persistent link: https://www.econbiz.de/10005123629

Human Capital and the Future of Transition Economies

Spagat, Michael - C.E.P.R. Discussion Papers - 2002

Transition economies have an initial condition of high human capital relative to GDP per capita, giving them high growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of their family backgrounds and invest substantially in their...

Persistent link: https://www.econbiz.de/10005124062

Unemployment and Increasing Returns to Human Capital

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

This paper studies a model of human capital accumulation with real wage rigidity. It is shown that the arbitrage condition between hiring a skilled versus an unskilled worker may be stated as a positive relationship between their relative unemployment rates. It may be the case that this locus is...

Persistent link: https://www.econbiz.de/10005124159

Birth Order and Sibship Sex Composition as Instruments in the Study of Education and Earnings

Gary-Bobo, Robert J.; Picard, Natalie; Prieto, Ana - C.E.P.R. Discussion Papers - 2006

This paper presents an empirical study of birth-order and sibship sex-composition effects on educational achievement, and uses these variables as instruments to estimate returns to education, with the help of a rich set of individual data. Our sample includes more than 12,000 men and 10,000...

Persistent link: https://www.econbiz.de/10005124292

The Hazards of Doing a PhD: An Analysis of Completion and Withdrawal Rates of British PhDs in the 1980s

Booth, Alison L; Satchell, Stephen E - C.E.P.R. Discussion Papers - 1993

The paper examines UK PhD completion and withdrawal rates, in a competing risks framework, using the 1986 National Survey of 1980 Graduates. The statistical problem of thresholding of completion data is also addressed. We argue that our results suggest that there are problems with the use of PhD...

Persistent link: https://www.econbiz.de/10005504491

Macroeconomic Shocks and the Business Cycle: Evidence from a Structural Factor Model

Forni, Mario; Gambetti, Luca - C.E.P.R. Discussion Papers - 2010

-shock specification, we identify, using sign restrictions, two non-policy shocks, demand and supply, and two policy shocks, monetary and … fiscal. We obtain the following results. (ii) Both supply and demand shocks are important sources of fluctuations; supply … prevails for GDP, while demand prevails for employment and inflation. (ii) Policy matters: Both monetary and fiscal policy …

Persistent link: https://www.econbiz.de/10008468698

The Role of Inventories and Speculative Trading in the Global Market for Crude Oil

Kilian, Lutz; Murphy, Daniel P - C.E.P.R. Discussion Papers - 2010

to the speculative demand for oil as well as shocks to the flow demand and flow supply. The forward-looking element of … an estimate of this elasticity based on shifts of the supply curve along the demand curve. We show that, even after … find that this surge was caused by fluctuations in the flow demand for oil driven by the global business cycle. There is …

Persistent link: https://www.econbiz.de/10008530341

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