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Micro Census, we estimate the risk and returns to around 70 fields of education and differentiate between vocational and … academic education. We identify fields of education that are efficient investment goods, i.e. high returns at a given level of … risk, and fields that are chosen for other (non-monetary) reasons. Furthermore, we rank fields of education by their return …
Persistent link: https://www.econbiz.de/10010568503
. However, we also find that ability and education are inseparable determinants of earnings, which confirms findings of recent …
Persistent link: https://www.econbiz.de/10004963908
It has previously been shown that civil conflict influences many economic factors, including education, which play an … important role in development and economic growth. Previous authors working on the influence of conflict on education have … demand for education. It is theoretically shown that, under relatively general conditions, individuals living in a conflict …
Persistent link: https://www.econbiz.de/10008461824
larger than a simple OLS regression would suggest. Hence, policies to expand education in Sub-Saharan Africa, should not …
Persistent link: https://www.econbiz.de/10004963629
This paper analyzes optimal grading in a world that focuses on top grades. Students choose an effort level, their performance is graded, and their grade correlates with their future income. Ex-ante, the policy maker chooses the optimal coarseness of the grading scale to maximize student welfare....
Persistent link: https://www.econbiz.de/10011145489
We analyse the convergence and heterogeneity of living standards between East and West Germany since unification. Based on data from the German Socio-Economic Panel (GSOEP), we compare total individual income of permanent adult residents, including retirees and the unemployed, of East and West...
Persistent link: https://www.econbiz.de/10008461814
Using merged data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel (SOEP), this paper applies a parametric difference-in-differences approach to assess the real effects of the introduction of the Euro on subjective well-being. A complementary nonparametric...
Persistent link: https://www.econbiz.de/10004963628
Whereas life expectancy continues to increase in most industrialized countries many developing and transition countries are today confronted with decreases in life expectancy. Usual measures employed to compare welfare over time and space fail to deal with such demographic change and may lead to...
Persistent link: https://www.econbiz.de/10004963677
Welfare-oriented analyses of economic outcome measures such as income and wealth generally rest on the assumption of pooled and equally shared resources among all household members. Yet the lack of individual-level data hampers the distribution of income and wealth within the household context....
Persistent link: https://www.econbiz.de/10004963727
This article deals with various methods for dealing with income advantages of owner occupied housing (imputed rents). It also explores the effects of such advantages on the distribution of individual income. Following a description of the theoretical aspects of the various methods as well as...
Persistent link: https://www.econbiz.de/10004963867