Showing 1 - 10 of 11
-Generation Immigrants whose parents are born in Africa and French-natives. We find that schooling attainments explain around two thirds of …
Persistent link: https://www.econbiz.de/10013324740
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/10013117619
We show that within a life-cycle skill accumulation model, IV identification of the return to schooling parameter is either achieved at any point in the life-cycle where the level of skills accumulated beyond school completion for compliers is exactly equal to the post-schooling skill level of...
Persistent link: https://www.econbiz.de/10013103476
This paper contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...
Persistent link: https://www.econbiz.de/10012779183
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/10012960276
I perform the joint estimation of a reduced-form dynamic model of the transition from one grade level to the next, and a Mincer wage equation, using panel data taken from the NLSY. A very high degree of flexibility is achieved by approximating the distributions of idiosyncractic grade transition...
Persistent link: https://www.econbiz.de/10013317194
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/10013318534
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/10013320490
of the value of financial aid for prospective students. Our results point out that a considerable share of prospective … students are affected by credit constraints. We find that most of the individuals are willing to pay a sizable interest premium … points for a $1,000 loan. The willingness-to-pay for financial aid is highly heterogeneous across students, with preferences …
Persistent link: https://www.econbiz.de/10012837914
effects of real (as opposed to relative) family income on education have practically vanished between the early 1980's and the … heterogeneity (allowed to be correlated with observed characteristics), income effects vary substantially with age and have lost … unobserved characteristics, a $300,000 differential in family income generated more than 2 years of education in the early 1980's …
Persistent link: https://www.econbiz.de/10012833239