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Dynamic skill accumulation, comparative advantages, compulsory schooling, and earnings

Belzil, Christian; Hansen, Jörgen; Liu, Xingfei - 2011

We show that a calibrated dynamic skill accumulation model allowing for comparative advantages, can explain the weak (or negative) effects of schooling on productivity that have been recently reported (i) in the micro literature on compulsory schooling, ii) in the micro literature on estimating...

Persistent link: https://www.econbiz.de/10009522490

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

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

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

Endogenous schooling and the distribution of the gender wage gap

Hansen, Jörgen; Wahlberg, Roger - 1999

Previous studies on gender wage discrimination have relied on OLS when estimating the wage equations. However, there exists a number of recent studies, devoted to estimating the return to education, that have shown that OLS may produce biased estimates for a number of reasons. Consequently, if...

Persistent link: https://www.econbiz.de/10011316913