Similar Search Results

Vocational High School Graduate Wage Gap : The Role of Cognitive Skills and Firms

Hartog, Joop - 2018

graduates from secondary education with a vocational and a general curriculum. The wage gap initially increased and then … between workers and firms that worked out favourably for vocational graduates …

Persistent link: https://www.econbiz.de/10012914913

Student Loans and the Allocation of Graduate Jobs

Cigno, Alessandro - 2015

common knowledge. Graduates and graduate jobs are matched by tournament. In laissez faire, only the rich can buy enough … some of the rich buy too much education, and some of the graduates have lower ability than some of the non-graduates … the same quality are assigned to graduates with the same education but different ability. Competition among employers will …

Persistent link: https://www.econbiz.de/10013026630

Top Incomes, Rising Inequality, and Welfare

Lansing, Kevin J. - 2012

This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...

Persistent link: https://www.econbiz.de/10013098333

Top Incomes, Rising Inequality, and Welfare

Lansing, Kevin J.; Markiewicz, Agnieszka - 2021

We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners represent the top quintile of U.S. households while workers represent the remainder. Our tractable model allows us to exactly replicate the observed U.S. time paths of the top...

Persistent link: https://www.econbiz.de/10013315527

Human Capital, Social Mobility and the Skill Premium

Angelopulos, Kōnstantinos - 2013

This paper develops a dynamic general equilibrium model to highlight the role of human capital accumulation of agents differentiated by skill type in the joint determination of social mobility and the skill premium. We first show that our model captures the empirical co-movement of the skill...

Persistent link: https://www.econbiz.de/10013075985

Returns to Skills Around the World : Evidence from PIAAC

Hanushek, Eric Alan - 2014

Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...

Persistent link: https://www.econbiz.de/10013059025

Optimal Taxation and the Skill Premium

Angelopulos, Kōnstantinos - 2012

The stylized facts suggest a negative relationship between tax progressivity and the skill premium from the early 1960s until the early 1990s, and a positive one thereafter. They also generally imply rising tax progressivity, except for the 1980s. In this paper, we ask whether optimal tax policy...

Persistent link: https://www.econbiz.de/10013111825

The Quantity and Quality of Teachers : A Dynamic Trade-Off

Gilpin, Gregory; Kaganovič, Michail I. - 2021

We study the dynamics of the quantity and quality of teachers in the framework of dynamic general equilibrium OLG model. The quantity and quality are jointly set by a government agency wishing to maximize the quality of basic education per student while being bound by teachers' collective...

Persistent link: https://www.econbiz.de/10013316411

Educational and Wage Risk : Social Insurance vs. Quality of Education

Schindler, Dirk; Weigert, Benjamin - 2021

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...

Persistent link: https://www.econbiz.de/10013316416

Returns to ICT Skills

Falck, Oliver - 2016

How important is mastering information and communication technology (ICT) in modern labor markets? We answer this question with unique data on ICT skills tested in 19 countries. Our two instrumental-variable models exploit technologically induced variation in broadband Internet availability that...

Persistent link: https://www.econbiz.de/10012997356