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Unobserved ability and the return to schooling

Belzil, Christian; Hansen, Jörgen - 2002

schooling and market ability is found to be positive and is consistent with the existence of a positive "Ability Bias". …

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

Heterogeneous returns to human capital and dynamic self-selection

Belzil, Christian; Hansen, Jörgen - 2001

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/10011401014

Subjective discount rates, intergenerational transfers and the return to schooling

Belzil, Christian; Hansen, Jörgen - 1999

rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth … schooling is estimated around 6% per year. Estimates obtained from a model where neither the ability bias nor the discount rate … bias are considered, indicate that one percentage point can be imputed to the correlation between discount rates and labor …

Persistent link: https://www.econbiz.de/10011313951

A structural analysis of the correlated random coefficient wage regression model

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. The model allows for absolute and comparative advantages in the labor market and assumes that the population is composed of 8 unknown...

Persistent link: https://www.econbiz.de/10011411668

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

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

Belzil, Christian; Hansen, Jörgen - 1999

correlation between the utility of attending school and unobserved labor market ability (ability bias). Estimates of the return to … schooling which take into account the ability bias are found to be between 25% and 30% smaller than those obtained ignoring it. …

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

Promotions, demotions, halo effects and earnings dynamics of American executives

Belzil, Christian (contributor); … - 2005

This paper explores the dynamics of wage growth in corporate hierarchies. Using panel data techniques, we estimate the causal effect of current and past transitions in reporting level and past earnings growth on components of current earnings and earnings growth using a large panel of US...

Persistent link: https://www.econbiz.de/10002898938

On the specification of mincerian wage regressions with heterogeneity, non-linearity, non-separability, and heteroskedasticity

Belzil, Christian (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001982769

The promotion dynamics of American executives

Belzil, Christian (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001896343

Structural estimates of the intergenerational education correlation

Belzil, Christian (contributor); Hansen, Jörgen (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001877139