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Earnings Dispersion, Risk Aversion and Education

Belzil, Christian; Hansen, Jörgen - 2002

experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk … low degree of risk aversion implies that an increase in earnings dispersion would have little effect on schooling …

Persistent link: https://www.econbiz.de/10010262728

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/10010262733

Subjective Discount Rates, Intergenerational Transfers and the Return to Schooling

Belzil, Christian; Hansen, Jörgen - 1999

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/10010262285

The return to schooling in structural dynamic models: a survey

Belzil, Christian - 2006

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/10010267953

Rank, income and income inequality in urban China

Gustafsson, Björn; Sai, Ding - 2008

While some workers in China attain senior professional level and senior cadre level status (Chuzhang and above), others … and western China for 1995 and 2002. For 2002, persons of high rank make up 3 percent and persons of middle rank make up …

Persistent link: https://www.econbiz.de/10010269112

On the Specification of Mincerian Wage Regressions with Heterogeneity, Non-Linearity, Non-Separability, and Heteroskedasticity

Belzil, Christian - 2004

Using panel data taken from the NLSY, I perform the joint estimation of i) a reduced-form dynamic model of the transition from one grade level to the next with observed and unobserved heterogeneity, and ii) a flexible version of the celebrated Mincerian wage regression with skill heterogeneity,...

Persistent link: https://www.econbiz.de/10010261843

Household Characteristics, Ability and Education: Evidence´ from a Dynamic Expected Utility Model

Belzil, Christian; Hansen, Joergen - 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/10010262274

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/10010262476

Income Effects from Labor Market Training Programs in Sweden During the 80's and 90's

Andrén, Thomas; Gustafsson, Björn - 2002

the 80s and the beginning of the 90s on its effect on earnings. We separate the analysis between Swedish-born and foreign …

Persistent link: https://www.econbiz.de/10010262622

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/10010262729