Showing 1 - 10 of 317
This paper argues that the consumption value of education is an important motivation for the educational choice. While controlling for ability, we document that individuals are willing to forego substantial future wage returns in order to acquire a particular type of higher education. We...
Persistent link: https://www.econbiz.de/10008533984
The consumption value of higher education is an important factor behind the individual’s educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for...
Persistent link: https://www.econbiz.de/10008534058
The aim of this paper is to study whether schooling choices are affected by social interactions. Such social … eligible children tend to attend school more frequently, (ii) but also the ineligible children acquire more schooling when the …
Persistent link: https://www.econbiz.de/10005196320
We review the empirical literature that estimates the causal effect of parent’s schooling on child’s schooling, and … to Swedish register data, suggests that intergenerational schooling associations are largely driven by selection …. Parental schooling constitutes a large part of the parental nurture effect, but as a whole does not play a large role …
Persistent link: https://www.econbiz.de/10013316139
We review the empirical literature that estimates the causal effect of parent’s schooling on child’s schooling, and … to Swedish register data, suggests that intergenerational schooling associations are largely driven by selection …. Parental schooling constitutes a large part of the parental nurture effect, but as a whole does not play a large role. …
Persistent link: https://www.econbiz.de/10008727305
We provide a measure of equality of educational opportunity in 54 countries, estimated as the effect of family background on student performance in two international TIMSS tests. We then show how organizational features of the education system affect equality of educational opportunity. Our...
Persistent link: https://www.econbiz.de/10005766306
This paper estimates the effects of family-background characteristics on student performance in the US and 17 Western European school systems. Family background has strong effects both in Europe and the United States, remarkably similar in size. France and Flemish Belgium achieve the most...
Persistent link: https://www.econbiz.de/10005406421
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...
Persistent link: https://www.econbiz.de/10013136696
We model the correlations of brothers' life-cycle earnings separating for the first time the effect of paternal earnings from additional residual sibling effects. We identify the two effects by analyzing sibling correlations and intergenerational correlations jointly within a unified framework....
Persistent link: https://www.econbiz.de/10013097712
Correlations between parent and child earnings reflect intergenerational mobility and, more broadly, correlations between siblings' earnings reflect shared community and family background. These earnings relationships capture important aspects of relations in socioeconomic status more generally....
Persistent link: https://www.econbiz.de/10012954369