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on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings … countries and check for relations of expected probability to graduate and of expected earnings with personal abilities and …
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Casual empiricism suggests that unwarrantedʺ wage changes, defined as the part of wage growth that is not explained by changes in labour productivity, are negatively associated with the return on capital. The main point of this paper is to show that unwarrantedʺ wage changes have no causal...
Persistent link: https://www.econbiz.de/10003887514
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
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How important is mastering information and communication technologies (ICT) in modern labor markets? We present the first evidence on this question, drawing on unique data that provide internationally comparable information on ICT skills in 19 countries. Our identification strategy relies on the...
Persistent link: https://www.econbiz.de/10011416403
market. Our difference-in-difference model estimates whether the earnings difference between individuals with high and low … grades differs between central and local exams. We find that the earnings premium for a one standard-deviation increase in …
Persistent link: https://www.econbiz.de/10011283839
China's currency policy has been criticized for its apparent pursuit of mercantile advantage by artificially stimulating exports, which potentially have adverse effects on other economies. While China's currency policy may have positive output effects, there may be additional profits or losses....
Persistent link: https://www.econbiz.de/10010227253
different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of … the focus on early-career earnings leads to underestimating the lifetime returns to skills by about one quarter. On … States. Estimates are remarkably robust to different earnings and skill measures, additional controls, and various subgroups …
Persistent link: https://www.econbiz.de/10010235845