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-representativeness of test-takers is an important concern. We examine selectivity bias in both state-level and school-level SAT and ACT …
Persistent link: https://www.econbiz.de/10012464384
A statistical theory of overconfidence is proposed and applied to the issue of occupational choice. Individuals who can choose whether to engage in an activity or not must estimate their performance. The estimates have error and that error has positive expectation among those who engage in the...
Persistent link: https://www.econbiz.de/10012456751
We document for a broad panel of advanced economies that increases in GDP per capita are associated with a shift in the composition of value added to sectors that are intensive in high-skill labor. It follows that further development in these economies leads to an increase in the relative demand...
Persistent link: https://www.econbiz.de/10012457502
The standard approach to modeling inequality, building on Tinbergen's seminal work, assumes factor-augmenting technologies and technological change biased in favor of skilled workers. Though this approach has been successful in conceptualizing and documenting the race between technology and...
Persistent link: https://www.econbiz.de/10012479205
Persistent link: https://www.econbiz.de/10001374520
) from upper-tail knowledge. As a proxy for the historical presence of knowledge elites, we use city-level subscriptions to … firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …
Persistent link: https://www.econbiz.de/10012458447
Does the U.S. labor market reward cognitive skill differences among high school dropouts, the members of the labor force with the least educational attainments? This paper reports the results of an exploration of this question, using a new data set that provides information on the universe of...
Persistent link: https://www.econbiz.de/10012471697
Job choice by high-skilled foreign-born workers in the US correlates strongly with country of origin. We apply a Frechet-Roy model of occupational choice to evaluate the causes of immigrant sorting. In a gravity specification, we find that revealed comparative advantage in the US is stronger for...
Persistent link: https://www.econbiz.de/10012660096
document an increase in the relative labor market return to logical reasoning skill as compared to vocabulary knowledge. The … can also explain the decline in knowledge. An original survey of parents, an analysis of trends in school curricula, and … an analysis of occupational characteristics show evidence of increasing emphasis on reasoning as compared to knowledge …
Persistent link: https://www.econbiz.de/10012616583
In addition to providing useful skills, education may also yield valuable information about one's tastes and talents. This paper exploits an exogenous difference in the timing of academic specialization within the British system of higher education to test whether education provides such...
Persistent link: https://www.econbiz.de/10012463127