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Human Capital Quality and Aggregate Income Differences : Development Accounting for U.S. States
Hanushek, Eric A. - 2015
develop detailed measures of state human capital based on school attainment from census micro data and on cognitive skills … attainment and cognitive skills. Similar results emerge from growth accounting analyses …
Persistent link: https://www.econbiz.de/10013019852
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Is Additional Schooling Worthless? Revising the Zero Returns to Compulsory Schooling in Germany
Cygan-Rehm, Kamila - 2018
schooling. This result challenges prior findings for Germany of zero returns to schooling, obtained by using the same survey …
Persistent link: https://www.econbiz.de/10012908790
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Trade and Tasks : An Exploration Over Three Decades in Germany
Becker, Sascha O. - 2015
This paper combines representative worker-level data that cover time-varying job-level task characteristics of an economy over a long time span with sector-level bilateral trade data for merchandize and services. We carefully create longitudinally consistent workplace characteristics from the...
Persistent link: https://www.econbiz.de/10013030491
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How Risky is College Investment?
Hendricks, Lutz - 2015
This paper is motivated by the fact that nearly half of U.S. college students drop out without earning a bachelor's degree. Its objective is to quantify how much uncertainty college entrants face about their graduation outcomes. To do so, we develop a quantitative model of college choice. The...
Persistent link: https://www.econbiz.de/10013027089
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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
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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
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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
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International Emigrant Selection on Occupational Skills
Patt, Alexander - 2017
occupational skills. Combining novel data from a representative Mexican task survey with rich individual-level worker data, we find … that Mexican migrants to the United States have higher manual skills and lower cognitive skills than non …-migrants. Conditional on occupational skills, education and earnings no longer predict migration decisions. Differential labor …
Persistent link: https://www.econbiz.de/10012951826
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Taxing Human Capital Efficiently When Qualified Labour is Mobile
Richter, Wolfram F.; Kunze, Lars - 2021
The paper studies the effect that skilled labour mobility has on efficient education policy. The model is one of two periods in which a representative taxpayer decides on labour, education, and saving. The government can only use linear tax and subsidy instruments. It is shown that the mobility...
Persistent link: https://www.econbiz.de/10013316063
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Intergenerational Transmission of Skills During Childhood and Optimal Public Policy
Casarico, Alessandra; Micheletto, Luca; Sommacal, Alessandro - 2021
The paper characterizes the optimal tax policy and the optimal quality of day care services in a OLG model with warm-glow altruism where parental choices over child care arrangements affect the probability that the child becomes a high-skilled adult in a type-specific way. With respect to...
Persistent link: https://www.econbiz.de/10013316071