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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
of Becker's theory to model preferences over continuous time blocks. To examine whether the predictions of the model are …Most activities in life require a certain amount of continuous time. Yet, in the traditional economic model of time … allocation, the time block is not taken into account. Hence, the same amount of utility is derived from an activity regardless of …
Persistent link: https://www.econbiz.de/10013099783
This paper investigates, both theoretically and empirically, the effect of sociability on the age of marriage. Theoretically, a more sociable individual has higher chances of finding a suitable partner for marriage early in life, and hence is expected to marry earlier than an otherwise similar...
Persistent link: https://www.econbiz.de/10013104957
We show that temporally distancing the decision task from the payment of the reward increases honest behavior. Each of 427 Israeli soldiers fulfilling their mandatory military service rolled a six-sided die in private and reported the outcome to the unit's cadet coordinator. For every point...
Persistent link: https://www.econbiz.de/10013083383
. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision … making. Thus, we induce sleepiness in our subjects via sleep restriction as well as suboptimal time-of-day prior to …
Persistent link: https://www.econbiz.de/10012947720
We compare different designs that have been used to test for an impact of time horizon on discounting, using real …
Persistent link: https://www.econbiz.de/10013109435
We examine the timing of firms' operations in a formal model of labor demand. Merging a variety of data sets from Portugal from 1995-2004, we describe temporal patterns of firms' demand for labor and estimate production-functions and relative labor-demand equations. The results demonstrate the...
Persistent link: https://www.econbiz.de/10013324733
This paper advances a structural inter-temporal model of labour supply that is able to simulate the dynamics of labour supply in a continuous setting and to circumvent two main drawbacks of most of the existing models. The first limitation is the inability to incorporate individual heterogeneity...
Persistent link: https://www.econbiz.de/10013118517
We propose an original model of human capital investments after leaving school in which individuals differ in their initial human capital obtained at school, their rate of return, their costs of human capital investments and their terminal values of human capital at a fixed date in the future....
Persistent link: https://www.econbiz.de/10013081797
We investigate the relationship between life cycle wages and individual membership of unemployment insurance schemes in Denmark. We separate permanent from transitory wages and characterise them using membership of unemployment insurance funds. We find that unemployment insurance is associated...
Persistent link: https://www.econbiz.de/10013088338