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Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a suffciently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. We present a life-cycle model that...
Persistent link: https://www.econbiz.de/10011381036
Studies on the determinants of the demand for higher education typically emphasizethe relevance of socio …
Persistent link: https://www.econbiz.de/10011333272
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …
Persistent link: https://www.econbiz.de/10011325967
We present a theory of human capital, with its two most essential components, health capital and, what we term, skill capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight an important economic mechanism driving...
Persistent link: https://www.econbiz.de/10013172987
parental human capital;intergenerational transfers, accomplished via investment in the education of the younger generation … production is affected by 'home-education' , provided bythe parents, as well as 'public-education , which is provided equally to …
Persistent link: https://www.econbiz.de/10011318579
Persistent link: https://www.econbiz.de/10000953505
We examine how the gender of a sibling affects earnings, education and family formation. Identification is complicated … with sisters obtain lower education and give birth earlier than women with brothers. Our analysis shows that the family …
Persistent link: https://www.econbiz.de/10010532574
irrelevance of education for socio-economic position of immigrants once the country of origin has been controlled for. …
Persistent link: https://www.econbiz.de/10011376490
Education is argued to be an important driver of the decision to start a business. The measurement of its influence … US. Theeffect of education on the decision to become self-employed is found to be strongly positive,much higher than the … estimated effect in case no instrumental variables are used. That is, thehigher the respondent's level of education, the greater …
Persistent link: https://www.econbiz.de/10011379198
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from …) income and of education. Using instrumental variables can provide a way out. However, three questions remain: whether … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10011380037