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-earnings profile, consistent with lower initial investment in firm-specific training. Interestingly, the overall wage premium increases …
Persistent link: https://www.econbiz.de/10010269276
skills, such as adult literacy programs, or other types of education. This paper examines these issues for Ghana, by …
Persistent link: https://www.econbiz.de/10010269004
There is anecdotal evidence that the standard of living for the educated has fallen in Venezuela over the last few years. This evidence comes as a surprise because after experiencing an economic downturn in 2002 and 2003, Venezuela's economy has boomed (gross domestic product growth has hovered...
Persistent link: https://www.econbiz.de/10010269036
opportunity for faster human capital investment and earning growth. In addition, many country-of-origin acquired skills that are … investment and, using 1970-1990 census data, presents strong evidence of a systematic and important inverse relationship between … are not controlled for. The immigrant human capital investment model presented here explores general principles that may …
Persistent link: https://www.econbiz.de/10010262373
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
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
education is a risky investment. These results suggest a positive interaction between schooling and ability with respect to …
Persistent link: https://www.econbiz.de/10010262344
?s. The paper compares the predictions of the signaling and human capital models in response to an exogenous demand shock …
Persistent link: https://www.econbiz.de/10010262368
those providing training. Formal job training is a good investment for many firms and the economy, possibly yielding higher …
Persistent link: https://www.econbiz.de/10010267441
that are efficient in terms of investment goods, and a range of educations that are inefficient, and may be chosen for …
Persistent link: https://www.econbiz.de/10010276649