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Student Earnings Expectations : Heterogeneity or Noise?

Diaz-Serrano, Luis - 2016

Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness. We use...

Persistent link: https://www.econbiz.de/10012979578

Why Do We Ignore the Risk in Schooling Decisions?

Hartog, Joop - 2014

While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk, surveys the analytical...

Persistent link: https://www.econbiz.de/10013054013

Why Do We Ignore the Risk in Schooling Decisions?

Hartog, Joop; Diaz-Serrano, Luis - CESifo - 2014

Persistent link: https://www.econbiz.de/10010877976

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - Centre for Economic Performance, LSE - 2002

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10005016812

Mincer Earnings Functions for the Netherlands 1962-2012

Hartog, Joop - 2016

We extract estimation results on the Mincer earnings function from four earlier studies and add new results from a recent dataset. We analyse differences related to differences in earnings concepts, in sampling frame and differences among studies that cannot be explained. Jointly, the studies...

Persistent link: https://www.econbiz.de/10012997601

Has Job Polarization Squeezed the Middle Class? Evidence from the Allocation of Talents

Boehm, Michael J. - Centre for Economic Performance, LSE - 2013

Over the last two decades, earnings in the United States increased at the top and at the bottom of the wage distribution but not in the middle - the intensely debated middle class squeeze. At the same time there was a substantial decline of employment in middle-skill production and clerical...

Persistent link: https://www.econbiz.de/10010652266

Innovation Network

Acemoglu, Daron - 2016

linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …

Persistent link: https://www.econbiz.de/10012977470

Innovation, Reallocation and Growth

Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Centre for Economic Performance, LSE - 2013

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Persistent link: https://www.econbiz.de/10010655943