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Regression, matching, control function and instrumental variables methods for recovering the impact of education on … find an average return of 27% for those completing higher education versus anything less. Compared to stopping at 16 … without qualifications, we find an average return to O-levels of 18%, to A-levels of 24% and to higher education of 48%. …
Persistent link: https://www.econbiz.de/10010292932
based on factor price equalisation. Our resolution of the puzzle is a model in which increases in level of education induce …
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for children born to mothers with higher socio-economic status (education and employment), and to mothers who smoked …
Persistent link: https://www.econbiz.de/10011912964
We develop a new quantile-based panel data framework to study the nature of income persistence and the transmission of income shocks to consumption. Log-earnings are the sum of a general Markovian persistent component and a transitory innovation. The persistence of past shocks to earnings is...
Persistent link: https://www.econbiz.de/10011345793
This chapter reviews developments to improve on the poor performance of the standard GMM estimator for highly autoregressive panel series. It considers the use of the system GMM estimator that relies on relatively mild restrictions on the initial condition process. This system GMM estimator...
Persistent link: https://www.econbiz.de/10011537713
We estimate a dynamic model of employment, human capital accumulation - including education, and savings for women in … longer-term effects of policy, increase with education, but experience mainly accumulates when in full-time employment. Tax …
Persistent link: https://www.econbiz.de/10011447119
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