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density and productivity and wages has long been established in the economic literature, less is known about the effects of … supply of university graduates on wages, i.e. the social return to education. …
Persistent link: https://www.econbiz.de/10010374568
This paper formulates a simple skill and education model to explain how better access to higher education leads to stronger assortative mating on skills of parents and more polarized skill and earnings distributions of children. Swedish data show that in the second half of the 20th century more...
Persistent link: https://www.econbiz.de/10013472300
This paper studies the impact of routine job tasks on workers wages in the German labour market. Using nationally … associated with workers hourly wages; the negative effect of routine tasks is most pronounced in high-skilled non …-intensity of the workers' own occupation in 1979. The estimation procedure rests on the assumption that the two instruments are …
Persistent link: https://www.econbiz.de/10012591251
We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...
Persistent link: https://www.econbiz.de/10011327826
We investigate the major choice of college graduates where we make choice dependent on expected initial wages and … expected real wage growth and expected initial wages across majors. Furthermore, the differences in these expectations appear …
Persistent link: https://www.econbiz.de/10012228687
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
Persistent link: https://www.econbiz.de/10001639506
make it easier for them to switch employers than for the part-time educated auditors. The predictions on tenure and wages … of differently educated auditors are supported by the estimation results in this paper. The part-time, dual track appears …
Persistent link: https://www.econbiz.de/10011327827
How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that...
Persistent link: https://www.econbiz.de/10011379475
Persistent link: https://www.econbiz.de/10010190995