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Testing the specification of the Mincer wage equation

Belzil, Christian (contributor) - 2007

"I perform the joint estimation of a reduced-form dynamic model of the transition from one grade level to the next, and a Mincer wage equation, using panel data taken from the NLSY. A very high degree of flexibility is achieved by approximating the distributions of idiosyncractic grade...

Persistent link: https://www.econbiz.de/10003476496

Unobserved ability and the return to schooling

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...

Persistent link: https://www.econbiz.de/10011411639

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 … homogeneous with respect to the degree of risk aversion. We allow endogenous schooling attainments to affect the level of risk … experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk …

Persistent link: https://www.econbiz.de/10011411833

Household characteristics, ability and education : evidence from a dynamic expected utility model

Belzil, Christian; Hansen, Jörgen - 1999

utility function), fits data on both schooling attainments and wage very well. We find a degree of relative risk aversion much …

Persistent link: https://www.econbiz.de/10011295416

Dynamic skill accumulation, education policies and the return to schooling

Belzil, Christian; Hansen, Jörgen; Liu, Xingfei - 2017

Using a dynamic skill accumulation model of schooling and labor supply with learning-by-doing, we decompose early life-cycle wage growth of U.S. white males into four main sources: education, hours worked, cognitive skills (AFQT scores) and unobserved heterogeneity, and evaluate the effect of...

Persistent link: https://www.econbiz.de/10011625378