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Returns to education : the causal effects of education on earnings, health and smoking
Heckman, James J.; Humphries, John Eric; Veramendi, Gregory - 2016
This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in … differentials. For some, there are substantial causal effects of education at all stages of schooling. …
Persistent link: https://www.econbiz.de/10011476582
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Estimating the returns to education using the newest current population survey education questions
Jaeger, David A. - 2002
This paper examines the 1997 additions to the Current Population Survey education question. These new questions allow … imputed "highest grade completed" is one-tenth grade greater and the estimated return to education .6 to 1 percentage points …
Persistent link: https://www.econbiz.de/10011411498
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Estimation of dynamic discrete choice models by maximum likelihood and the simulated method of moments
Eisenhauer, Philipp; Heckman, James J.; Mosso, Stefano - 2014
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic … discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic …
Persistent link: https://www.econbiz.de/10010418037
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Earnings dispersion, risk aversion and eduation
Belzil, Christian; Hansen, Jörgen - 2002
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10011411833
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Has the college wage premium continued to rise? : evidence from multiple U.S. surveys
Ashworth, Jared; Ransom, Tyler - 2018
This paper examines trends in the college wage premium (CWP) by birth cohort across the five major household surveys in the United States: the Census/ACS, CPS, NLSY, PSID, and SIPP. We document a flattening in the CWP for birth cohorts 1978 and onward in each survey and even a decline for birth...
Persistent link: https://www.econbiz.de/10011881360
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How do Latin American migrants in the U.S. stand on schooling premium? : what does it reveal about education quality in their home countries?
Alonso Soto, Daniel; Ñopo, Hugo - 2017
on those who graduated from either secondary or tertiary education in Latin American countries, we present comparative … in different ways. This contradicts the popular belief in policy circles that the education quality of the region has …
Persistent link: https://www.econbiz.de/10011732083
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Household characteristics, ability and education : evidence from a dynamic expected utility model
Belzil, Christian; Hansen, Jörgen - 1999
\%. Various simulations indicate that schooling attainments are elastic with respect to the return to college education and, to a … and parents' education (after conditioning on observed and unobserved ability) is found to be quite low. Finally, our …
Persistent link: https://www.econbiz.de/10011295416
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Subjective discount rates, intergenerational transfers and the return to schooling
Belzil, Christian; Hansen, Jörgen - 1999
the true intergenerational education correlation to be relatively low; an increase of 1 year in the average level of …
Persistent link: https://www.econbiz.de/10011313951
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A comparison of the human capital and signaling models : the case of the self-employed and the increase in the schooling premium in the 1980's
Lofstrom, Magnus - 2000
This paper utilizes the self-employed to analyze the observed increase in the educational earnings premium in the 1980's. The paper compares the predictions of the signaling and human capital models in response to an exogenous demand shock such as a skill-biased technological change. Since the...
Persistent link: https://www.econbiz.de/10011335240
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Sheepskin or Prozac : the causal effect of education on mental health
Chevalier, Arnaud (contributor); Feinstein, Leon (contributor) - 2006
Mental illness is associated with large costs to individuals and society. Education improves various health outcomes … but little work has been done on mental illness. To obtain unbiased estimates of the effect of education on mental health … extensive and intensive margins of education on mental health using various estimators. For all estimators, accounting for the …
Persistent link: https://www.econbiz.de/10003355560