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We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10005100552
We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...
Persistent link: https://www.econbiz.de/10005100588
We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience. Homogeneity of the returns to human capital is strongly rejected in favor of a discrete...
Persistent link: https://www.econbiz.de/10005100599
endowments and unobserved individual abilities in explaining cross-sectional differences in schooling attainments and wages. We …. However, the variation in labor market wages explained by differences in unobserved abilities is 3 times larger than the …
Persistent link: https://www.econbiz.de/10005100633
and assumes that the population is composed of 8 unknown types. Overall, labor market skills (as opposed to taste for …
Persistent link: https://www.econbiz.de/10005100979
We consider the response to incentives as an explanation for productivity differences within a firm that paid its … workers piece rates. We provide a framework within which observed productivity differences can be decomposed into two parts … incentives than did the men, the average difference is not statistically significant. The productivity differential that men …
Persistent link: https://www.econbiz.de/10005100605
are paid fixed wages, but that the productivity of piece-rate planters falls with the number of consecutive days worked …We examine the effects of different sequences of work and rest on the daily productivity of workers who planted trees … in the province of British Columbia, Canada, comparing the intertemporal productivity profiles of planters who were paid …
Persistent link: https://www.econbiz.de/10005100685
In this report, we estimate returns to training (in terms of wages and productivity) using data from the Workplace and … training on wages is fairly constant across all age groups, we find that the returns to classroom training on productivity … age might be because firms first train workers for which productivity gains will be the highest. Nous estimons dans cette …
Persistent link: https://www.econbiz.de/10005100607
accident may also be affected by the generosity of WC benefits. 2) WC may induce changes in occupational wages rates and 3) WC … may affect firms' productivity. So far, the literature has focused0501nly on the first type of effects. The0501n results … suggests that changes in WC insurance may also have negative productivity effects. Cette étude couvre un grand nombre des …
Persistent link: https://www.econbiz.de/10005100950
This paper addresses the effects of peer pressure in work teams. Many empirical studies have shed light on the efficiency of peer pressure. Peer pressure can be defined as mechanisms of mutual monitoring and sanction established within a group of agents by the agents themselves in order to...
Persistent link: https://www.econbiz.de/10005100756