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-linked externalities (JLEs). JLEs emerge when wages exceed the opportunity cost of labor (labor externalities), or when there are social … gains from creating better jobs for some classes of worker, such as women or youth (social externalities). Like all … externalities, JLEs create a gap between private and social rates of return. Investments can be socially profitable (once the …
Persistent link: https://www.econbiz.de/10012239109
by the reform significantly increased their education and experienced higher labor income. Our main result is that the …. These results are not driven by the direct impact of education and are not explained by higher turnout, or greater attention …
Persistent link: https://www.econbiz.de/10012602970
available. In this paper, we use nationally representative cohort data linked to administrative education records to study the …
Persistent link: https://www.econbiz.de/10012203074
Adverse economic shocks occur frequently and may cause individuals to reevaluate key life decisions in ways that have lasting consequences for themselves and the economy. These life decisions are fundamentally tied to specific periods of an individual's career, and economic shocks may therefore...
Persistent link: https://www.econbiz.de/10013415340
new needs of the industry by enrolling more in vocational secondary education. We also observe a decrease in academic high …
Persistent link: https://www.econbiz.de/10014311599