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WWII in France. In order to identify the causal effect of education, we exploit the fact that the small group of people … graduating from elite education (Grandes Ecoles) remained stable, while the rest of the system experienced tremendous … cohorts that received more education have a lower wage gap, relative to Grandes Ecoles. We show that such a large scale …
Persistent link: https://www.econbiz.de/10010738887
We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. We also analyze the determinants of 3 counterfactual experiments (a college attendance subsidy, a high school graduation subsidy and...
Persistent link: https://www.econbiz.de/10008792110
This papers contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...
Persistent link: https://www.econbiz.de/10008792304
The purpose of this article is to reevaluate the returns to geographic mobility and to the levelof education, taking … precise calculation of the distance betweenthe place of education and the location of first employment. We thus capture … returns to mobility with higher levels ofeducation. In addition, for all levels of education, including the lowest, returns to …
Persistent link: https://www.econbiz.de/10008792538
mandatory schooling reforms and education subsidies. We show how the nature of the skill accumulation process (substitutability …
Persistent link: https://www.econbiz.de/10008794288
the macro literature on education and growth. The fraction of the population more efficient at producing skills in the …) effect education on growth measured in the empirical literature. …
Persistent link: https://www.econbiz.de/10009399199
increases learning achievement, and also the future earnings and returns students expect from a college education, but no effect … on the earnings expected with high school education alone. This suggests that students believe that the benefits from … their elite education are complements to a college education. …
Persistent link: https://www.econbiz.de/10010750995
This papers contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...
Persistent link: https://www.econbiz.de/10008792063
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/10008792277
Using panel data taken from the NLSY, I perform the joint estimation of i) a reduced-form dynamic model of the transition from one grade level to the next with observed and unobserved heterogeneity, and ii) a flexible version of the celebrated Mincerian wage equation with skill heterogeneity,...
Persistent link: https://www.econbiz.de/10008793057