Showing 1 - 10 of 1,048
This paper develops a tractable, heterogeneous agents general equilibrium model where individuals have different endowments of the factors that complement the schooling process. The paper explores the relationship between inequality of opportunities, inequality of outcomes, and efficiency in...
Persistent link: https://www.econbiz.de/10010275770
progress in upper-secondary education. We observe a substantive difference in the rate of progress between natives and students …-track - entering the second year of upper-secondary education - is 15 percentage points. Observable differences in cognitive and non …-cognitive skills can explain the gap in the success rate within upper-secondary education, but cannot fully explain the difference in …
Persistent link: https://www.econbiz.de/10011794149
Wages grow but also become more unequal as workers age. Using German administrative data, we largely attribute both life-cycle facts to one driving force: some workers progress in hierarchy to jobs with more responsibility, complexity, and independence. In short, they climb the career ladder....
Persistent link: https://www.econbiz.de/10011931986
Incorporating family decisions in a two-period.model of the world economy, we predict that trade liberalization raises the skill premium and reduces child labour in developing countries where the adult labour force is sufficiently well educated to attract production activities from abroad that...
Persistent link: https://www.econbiz.de/10011698716
The purpose of this paper is to assess intergenerational occupational mobility in Germany. Using data from the Socioeconomic Panel (SOEP), we find a high persistence of occupational choices across fathers and children. To separate effects related to parental advice and influence (nurture) from...
Persistent link: https://www.econbiz.de/10010328838
This paper studies the impact of optimism on occupational choice using a general equilibrium framework. The model shows that optimism has four main qualitative effects: it leads to a misallocation of talent, drives up input prices, raises the number of entrepreneurs, and makes entrepreneurs...
Persistent link: https://www.econbiz.de/10012892272
: What are Gatsby curves? When do they exist? We build a theoretical environment in which parental investment and education …
Persistent link: https://www.econbiz.de/10012179848
I study the optimal taxation of robots and labor income. In the model, robots substitute for routine labor and complement non-routine labor. I show that while it is optimal to distort robot adoption, robots may be either taxed or subsidized. The robot tax exploits general-equilibrium effects to...
Persistent link: https://www.econbiz.de/10011932067
-intensity mentoring program can improve long-run education outcomes of low SES children and reduce inequality of opportunity. Low SES …
Persistent link: https://www.econbiz.de/10012269452
We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...
Persistent link: https://www.econbiz.de/10012179898