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The basis for the empirical research on earnings determination is the Mincer equation. Individuals are assumed to make schooling decisions by maximizing earnings. Leisure costs of schooling and labour supply are neglected which has some empirically implausible implications. This paper shows a...
Persistent link: https://www.econbiz.de/10009721334
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...
Persistent link: https://www.econbiz.de/10003920009
This chapter discusses the strong impact of economic forces, and changes in the economic environment, on American Jewish observance and American Jewish religious institutions in the 20th century. Beginning with the immigrants' experience of dramatic economic change between the old country and...
Persistent link: https://www.econbiz.de/10008688845
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
Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...
Persistent link: https://www.econbiz.de/10011313951
Persistent link: https://www.econbiz.de/10001784198
Persistent link: https://www.econbiz.de/10001877139
This paper is a preliminary look at the benefits to states in the US of subsidizing college education. The benefits studies are the external benefits of college education on the earnings of both college graduates and those who have not graduated from college. In completing a college education...
Persistent link: https://www.econbiz.de/10003729416
of the criticisms of the current subsidy system, however, is that it overemphasizes work and does little to encourage … care subsidies for child development. In this paper, we provide a systematic assessment of the impact of subsidy receipt on … relationship between child care subsidies and child development. In particular, our results suggest that subsidy receipt in the …
Persistent link: https://www.econbiz.de/10003778467
This article examines whether the means-tested component of the National School Lunch Program changes beneficiaries' dietary patterns by taking advantage of variation across public school districts in the financing of and demand for lunch and nutrition programs. Using data on fifth grade public...
Persistent link: https://www.econbiz.de/10003899781