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The Return to College : Selection Bias and Dropout Risk

Hendricks, Lutz - 2014

This paper estimates the effect of graduating from college on lifetime earnings. Motivated by the fact that nearly half of all college students fail to earn a bachelor's degree, we study a model of risky college completion. The central idea is that students drop out of college mainly because...

Persistent link: https://www.econbiz.de/10013054498

How Risky is College Investment?

Hendricks, Lutz - 2015

develop a quantitative model of college choice. The innovation is to model in detail how students progress towards a college …

Persistent link: https://www.econbiz.de/10013027089

Student Abilities During the Expansion of US Education

Hendricks, Lutz; Schoellman, Todd - 2021

The US experienced two dramatic changes in the structure of education in a fifty year period. The first was a large expansion of educational attainment; the second, an increase in test score gaps between college bound and non-college bound students. We study the impact of these two trends on the...

Persistent link: https://www.econbiz.de/10013315652

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

Student Abilities During the Expansion of US Education

Hendricks, Lutz; Schoellman, Todd - CESifo - 2013

Persistent link: https://www.econbiz.de/10010723538

The Return to College: Selection Bias and Dropout Risk

Hendricks, Lutz; Leukhina, Oksana - CESifo - 2014

This paper estimates the effect of graduating from college on lifetime earnings. Motivated by the fact that nearly half of all college students fail to earn a bachelor’s degree, we study a model of risky college completion. The central idea is that students drop out of college mainly because...

Persistent link: https://www.econbiz.de/10010757731

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

How Risky is College Investment?

Hendricks, Lutz; Leukhina, Oksana - CESifo - 2015

develop a quantitative model of college choice. The innovation is to model in detail how students progress towards a college …

Persistent link: https://www.econbiz.de/10011165502

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