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expectations of students is scarce. The paper presents the Swiss results of a survey that was conducted in 10 European countries …. Its main findings are that point estimates of wages after graduation are close to actual wages, whereas the expectations … of the deviation of individual expectations from actual wages can not be explained, we find that rates of return to …
Persistent link: https://www.econbiz.de/10001649757
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This paper analyses the effects of expected earnings and local markets conditions on the behaviour of young adults with high school diplomas. Decisions to either remain in the parental home or form a new household are modelled jointly with those of either gaining work experience or investing in...
Persistent link: https://www.econbiz.de/10001509831
We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience. Homogeneity of the returns to human capital is strongly rejected in favor of a discrete...
Persistent link: https://www.econbiz.de/10001595499
, tenure and the fact of using hourly or monthly wages. At this stage the use of the simple specification of the Mincer …
Persistent link: https://www.econbiz.de/10001597568
In this paper we analyse educational choices and earnings of individuals at two different levels in the Portuguese educational system. At each potential exit level we consider two decisions: the decision to continue studying and the employment decision, whereas normally only the first decision...
Persistent link: https://www.econbiz.de/10001605159
Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...
Persistent link: https://www.econbiz.de/10001436066
Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy.
Persistent link: https://www.econbiz.de/10001440970
Recent studies exploring sibling rivalry in the allocation of household resources in the U.S. produce conflicting results. We contribute to this discussion by addressing the role of sibling rivalry in educational attainment in Germany. Using the German Socioeconomic Panel (GSOEP) we are able to...
Persistent link: https://www.econbiz.de/10001528538