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In the mid 19th century, pre-colonial Korea under the Joseon dynasty was increasingly isolated and lagging behind in its economic development. Joseon Korea was forced to sign unequal treaties with foreign powers as a result of which Christian missionaries entered the country and contributed to...
Persistent link: https://www.econbiz.de/10013250736
Central exams are often hypothesized to favorably affect incentive structures in schools. Indeed, previous research provides vast evidence on the positive effects of central exams on student test scores. But critics warn that these effects may arise through the strategic behavior of students and...
Persistent link: https://www.econbiz.de/10013245627
This paper establishes new evidence on the cyclical behaviour of household income risk in Great Britain and assesses … Panel Survey (1991-2008) by decomposing stochastic idiosyncratic income into its transitory, persistent and fixed components …. We then estimate how income risk, measured by the variance and the skewness of the probability distribution of shocks to …
Persistent link: https://www.econbiz.de/10012872060
We study the effect of the world’s largest school feeding program on children’s learning outcomes. Staggered implementation across different states of a 2001 Indian Supreme Court Directive mandating the introduction of free school lunches in public primary schools generates plausibly...
Persistent link: https://www.econbiz.de/10011522494
We study an important mechanism underlying employee referrals into informal low skilled jobs in developing countries. Employers can exploit social preferences between employee referees and potential workers to improve discipline. The profitability of using referrals increases with referee stakes...
Persistent link: https://www.econbiz.de/10010317024
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/10010352430
admission threshold have 52% higher yearly income with respect to just-below-threshold students. This premium is equivalent to a … jump from the 44th percentile to the 74th percentile of the income distribution. The richness of the data allows me to … income premium. I find that students with a just-above-threshold score are less likely to be college dropouts, take six fewer …
Persistent link: https://www.econbiz.de/10011555518
This study estimates the effect of compulsory schooling on earnings. For identification, I exploit a German reform that extended the duration of secondary schooling in the 1960s. I find that hourly wages increase by 6%-8% per additional year of schooling. This result challenges prior findings...
Persistent link: https://www.econbiz.de/10011931941
of expected potential lifetime income. The ex post price for this consumption value turned out to be 39% of their … potential lifetime income. …
Persistent link: https://www.econbiz.de/10010265986
willing to forego 46 pct. of their potential income in order to enjoy the consumption value of this educational type. …
Persistent link: https://www.econbiz.de/10010266028