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The Risk and Return of Human Capital Investments
Koerselman, Kristian; Uusitalo, Roope - Institute for the Study of Labor (IZA) - 2013
Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … income, and to calculate certainty equivalent lifetime income at different levels of education. We find that university … education is associated with about a half a million euro increase in discounted lifetime disposable income compared to …
Persistent link: https://www.econbiz.de/10010960122
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Time Preferences and Lifetime Outcomes
Golsteyn, Bart H.H.; Grönqvist, Hans; Lindahl, Lena - Institute for the Study of Labor (IZA) - 2013
rates and school performance, health, labor supply, and lifetime income. Males and high ability children gain significantly …
Persistent link: https://www.econbiz.de/10010960125
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The Economics of Risky Health Behaviors
Cawley, John; Ruhm, Christopher J. - Institute for the Study of Labor (IZA) - 2011
Risky health behaviors such as smoking, drinking alcohol, drug use, unprotected sex, and poor diets and sedentary lifestyles (leading to obesity) are a major source of preventable deaths. This chapter overviews the theoretical frameworks for, and empirical evidence on, the economics of risky...
Persistent link: https://www.econbiz.de/10009024597
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Books Are Forever: Early Life Conditions, Education and Lifetime Income
Brunello, Giorgio; Weber, Guglielmo; Weiss, Christoph T. - Institute for the Study of Labor (IZA) - 2012
In this paper we estimate the effect of education on lifetime earnings in Europe, by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals who had access to many or few books at age ten. We instrument years of education using reforms of...
Persistent link: https://www.econbiz.de/10009652526
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Lifetime versus Annual Tax Progressivity: Sweden, 1968–2009
Bengtsson, Niklas; Holmlund, Bertil; Waldenström, Daniel - Institute for the Study of Labor (IZA) - 2012
rates across the income distribution accounting for different tax bases as well as the role of transfers. The uniquely long … to proportional, bearing a redistributive effect of only a few percent. Intragenerational income mobility seems to be …. Labor income taxes contribute less to progressivity in recent years, whereas transfers to unemployed and old-age pensioners …
Persistent link: https://www.econbiz.de/10010553315
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"Sex in Marriage is a Divine Gift": For Whom? Evidence from the Manila Contraceptive Ban
Dumas, Christelle; Lefranc, Arnaud - Institute for the Study of Labor (IZA) - 2013
We analyze the tradeoff between child quantity and quality in developing countries by estimating the effect of family size on child education in urban Philippines. To isolate exogenous changes in family size, we exploit a policy shock: in the late 1990s, the mayor of Manila enacted a municipal...
Persistent link: https://www.econbiz.de/10010884280
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Convergences in Men's and Women's Life Patterns: Lifetime Work, Lifetime Earnings, and Human Capital Investment
Jacobsen, Joyce P.; Khamis, Melanie; Yuksel, Mutlu - Institute for the Study of Labor (IZA) - 2014
The changes in women and men's work lives have been considerable in recent decades. Yet much of the recent research on gender differences in employment and earnings has been of a more snapshot nature rather than taking a longer comparative look at evolving patterns. In this paper, we use 50...
Persistent link: https://www.econbiz.de/10010959597
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Solow and Heterogeneous Labor: A Neoclassical Explanation of Wage Inequality
Meckl, Juergen; Zink, Stefan - Institute for the Study of Labor (IZA) - 2002
The paper analyzes the effect of human-capital investments of heterogeneous individuals on the dynamics of the wage structure within a neoclassical growth model. The accumulation of physical capital changes relative factor prices and thus incentives to acquire skills, thereby altering the...
Persistent link: https://www.econbiz.de/10005233931
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Bumpy Rides: School to Work Transitions in South Africa
Pugatch, Todd - Institute for the Study of Labor (IZA) - 2012
Re-enrollment in school following a period of dropout is a common feature of the South African school to work transition that has been largely ignored in both the literature on South Africa and the wider literature on sequential schooling choice. In this paper, I quantify the importance of the...
Persistent link: https://www.econbiz.de/10009646297
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How Immigration May Affect U.S. Native Entrepreneurship: Theoretical Building Blocks and Preliminary Results
Duleep, Harriet; Jaeger, David A.; Regets, Mark - Institute for the Study of Labor (IZA) - 2012
easier to accomplish. Our theory offers a unique perspective on the contributions of immigrants to economic development …
Persistent link: https://www.econbiz.de/10010555771