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Subjective discount rates, intergenerational transfers and the return to schooling

Belzil, Christian; Hansen, Jörgen - 1999

into a 1% productivity (wage) growth. …

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

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

We estimate a Dynamic Programming model of the decision between continuing schooling or entering the labor market using a panel from the National Longitudinal Survey (NLSY). The model, set in an expected utility framework (with a power utility function), fits data on both schooling attainments...

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

Do students expect compensation for wage risk?

Schweri, Jürg; Hartog, Joop; Wolter, Stefan C. - 2009

We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity which handicapped the use of actual market wage...

Persistent link: https://www.econbiz.de/10003825129

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

Country of origin and immigrant earnings,1960-2000 : a human capital investment perspective

Duleep, Harriet Orcutt; Liu, Xingfei; Regets, Marc - 2014

process in which unmeasured variables jointly affect initial conditions and subsequent growth. …

Persistent link: https://www.econbiz.de/10010434496

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

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

A structural analysis of the correlated random coefficient wage regression model with an application to the ols-iv puzzle

Belzil, Christian (contributor); Hansen, Jörgen (contributor) - 2005

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set within a correlated random coefficient model and we use the structural estimates to perform counterfactual experiments. We show that the estimates of the dynamic...

Persistent link: https://www.econbiz.de/10002772737

Sources of wage growth

Adda, Jérôme; Dustmann, Christian - 2022

This paper investigates the sources of wage growth over the life cycle, where individuals have the possibility to … acquire vocational training at the start of their career. Wage growth is determined by sectoral and firm mobility, unobserved … key driver of early wage growth while CA skills become important later on. Moreover, job amenities are an important …

Persistent link: https://www.econbiz.de/10013170247

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