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Life in Shackles? The Quantitative Implications of Reforming the Educational Loan System
Heijdra, Ben J.; Kindermann, Fabian; Reijnders, Laurie S. M. - CESifo - 2014
stochastic general equilibrium model of a closed economy with a competitive firm sector and a government that levies taxes and … administers educational loans. Individuals are heterogeneous in their talent for education and ability to learn on the job and …
Persistent link: https://www.econbiz.de/10010948864
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The Return to College: Selection Bias and Dropout Risk
Hendricks, Lutz; Leukhina, Oksana - CESifo - 2014
This paper estimates the effect of graduating from college on lifetime earnings. Motivated by the fact that nearly half of all college students fail to earn a bachelor’s degree, we study a model of risky college completion. The central idea is that students drop out of college mainly because...
Persistent link: https://www.econbiz.de/10010757731
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How Risky is College Investment?
Hendricks, Lutz; Leukhina, Oksana - CESifo - 2015
This paper is motivated by the fact that nearly half of U.S. college students drop out without earning a bachelor’s degree. Its objective is to quantify how much uncertainty college entrants face about their graduation outcomes. To do so, we develop a quantitative model of college choice. The...
Persistent link: https://www.econbiz.de/10011165502
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When Credit Dries Up: Job Losses in the Great Recession
Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - CESifo - 2013
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks’ health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...
Persistent link: https://www.econbiz.de/10010723542
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The Importance of Financial Resources for Student Loan Repayment
Lochner, Lance; Stinebrickner, Todd; Suleymanoglu, Utku - CESifo - 2013
Government student loan programs must balance the need to enforce repayment among borrowers who can afford to make their payments with some form of forgiveness or repayment assistance for those who cannot. Using unique survey and administrative data from the Canada Student Loan Program, we show...
Persistent link: https://www.econbiz.de/10010723529
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Student Loans and the Allocation of Graduate Jobs
Cigno, Alessandro; Luporini, Annalisa - CESifo - 2015
Higher education is not just a signal of innate ability. At least a certain level of educational achievement (degree … education and enter the tournament. The poor are confined to the non-graduate labour market. This is doubly inefficient because … some of the rich buy too much education, and some of the graduates have lower ability than some of the non …
Persistent link: https://www.econbiz.de/10011194241
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Effects of Adult Education Vouchers on the Labor Market: Evidence from a Randomized Field Experiment
Schwerdt, Guido; Messer, Dolores; Woessmann, Ludger; … - CESifo - 2011
education in Switzerland. We find no significant average effects of voucher-induced adult education on earnings, employment, and … subsequent education one year after treatment. But effects are heterogeneous: Low-education individuals are most likely to profit … from adult education, but least likely to use the voucher. The findings cast doubt on the effectiveness of existing …
Persistent link: https://www.econbiz.de/10008833939
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Money Matters - Evidence from a Large-Scale Randomized Field Experiment with Vouchers for Adult Training
Messer, Dolores; Wolter, Stefan C. - CESifo - 2009
This paper presents the results of a randomized experiment analyzing the use of vouchers for adult training. In 2006, 2,400 people were issued with a training voucher which they were entitled to use in payment for a training course of their choice. User behavior was compared with a control group...
Persistent link: https://www.econbiz.de/10005181564
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Labour Market Institutions and Unemployment. An International Comparison
Flaig, Gebhard; Rottmann, Horst - CESifo - 2011
This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the period 1960 to 2000. In contrast to many other studies, we use long time series and analyze cyclically adjusted trend values of the unemployment rate. Our novel contribution is...
Persistent link: https://www.econbiz.de/10009278129
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Cyclical Unemployment, Structural Unemployment
Diamond, Peter A. - CESifo - 2013
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching...
Persistent link: https://www.econbiz.de/10010627571