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either a concept-based, general' education or a skill-specific, vocational' education. General education is more costly to … policies favor vocational education will grow slower in equilibrium than one that favors general education. Moreover, the gap … education subsidy policy we demonstrate that the optimal subsidy for general education increases with the growth rate of …
Persistent link: https://www.econbiz.de/10012469295
The current high rates of return to human capital stimulate a supply response via increased investments in education … differential in wages. This paper reports estimates of: the responses of investments in post-secondary education, measured by …
Persistent link: https://www.econbiz.de/10012474071
greater inequality. To investigate this we construct a dynamic model of intergenerational education acquisition, fertility … fertility and education, a decreasing marginal effect of parental education on children's years of education, and wages that are …
Persistent link: https://www.econbiz.de/10012471268
-economic effects in terms of living standards, education, health, and gender equality, which appear to be unprecedented in depth and …
Persistent link: https://www.econbiz.de/10012660017
ability to perform complex tasks. The data suggests that the sorting effect of education is an important determinant of …
Persistent link: https://www.econbiz.de/10012477669
Because much of the concern about youth unemployment is motivated by the large differences between the rates for blacks and whites, we have pursued our earlier work by analyzing separately for black and white youth the relationship between high school preparation and early labor force...
Persistent link: https://www.econbiz.de/10012478097
education and marital status though the marital effects are much weaker when we condition for prior health. These effects …
Persistent link: https://www.econbiz.de/10012478514
A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent statistical models of self-selection and unobserved components. Estimates from NBER-Thorndike data strongly support the theory. First, expected lifetime earnings gains influence...
Persistent link: https://www.econbiz.de/10012478895
The educational screening hypothesis states that beyond a certain point schooling functions as a signaling device to identify pre-existing talents. We test for the presence of screening by comparing the schooling and earnings of self-employed workers and of those employed by others in a sample...
Persistent link: https://www.econbiz.de/10012478955
It can be claimed that education is simply a normal consumption good and that like all other normal goods, an increase …
Persistent link: https://www.econbiz.de/10012479022