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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 Evidence on Credit Constraints in Post-Secondary Schooling

Carneiro, Pedro; Heckman, James Joseph - 2002

This paper examines the family income?college enrollment relationship and the evidence on credit constraints in post-secondary schooling. We distinguish short-run liquidity constraints from the long-term factors that promote cognitive and noncognitive ability. Long-run factors crystallized in...

Persistent link: https://www.econbiz.de/10010274218

The risk-return trade-off in human capital investment

Christiansen, Charlotte; Schrøter Joensen, Juanna; … - 2006

In this paper we analyze investments in human capital assets in a way which is standard for financial assets, but not (yet) for human capital assets. We study mean-variance plots of human capital assets. We compare the properties of human capital returns using a performance measure and by using...

Persistent link: https://www.econbiz.de/10010276649

The determinants of high school closures: lessons from longitudinal data throughout Illinois

Billger, Sherrilyn M.; Beck, Frank D. - 2009

students have a significant impact on high school closure decisions. …

Persistent link: https://www.econbiz.de/10010269593

The Wage Expectations of European College Students

Brunello, Giorgio; Lucifora, Claudio - 2001

the results of the first systematic study of the wage expectations of European college students. Our data are based on the … replies to the same questionnaire by more than 6000 college students all over Europe. We study the determinants of wage …-specific micro-data. In line with U.S. studies we find that students overestimate returns to education. …

Persistent link: https://www.econbiz.de/10010262505

Diverging Patterns of Education Premium and School Attendance in France and the US: A Walrasian View

de la Croix, David; Docquier, Frédéric - 2003

We evaluate the effect of technology, demographics and policy on the differential evolution of the skill premium and on the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping generations of individuals, and endogenous education...

Persistent link: https://www.econbiz.de/10010261573

Heterogeneous class size effects: new evidence from a panel of university students

Bandiera, Oriana; Larcinese, Valentino; Rasul, Imran - 2009

leading UK university, we present evidence on the effects of class size on students' test scores. We observe the same student …-linear class size effects controlling for unobserved heterogeneity of both individual students and faculty. We find that (i) at the … and largest ranges of class sizes and zero over a wide range of intermediate class sizes; (iii) students at the top of the …

Persistent link: https://www.econbiz.de/10010269466

The Elusive Concept of Immigrant Quality: Evidence from 1970-1990

Duleep, Harriet Orcutt; Regets, Mark C. - 2002

The labor market "quality" of immigrants is a subject of debate among immigration researchers, and a major public policy concern. However, traditional methods of measuring human capital are particularly difficult to apply to recently arrived immigrants. Many factors that have a negative effect...

Persistent link: https://www.econbiz.de/10010262373

Policies to create and destroy human capital in Europe

Heckman, James Joseph; Jacobs, Bas - 2009

Trends in skill bias and greater turbulence in modern labor markets put wages and employment prospects of unskilled workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of the population. Reinvention of human capital policies...

Persistent link: https://www.econbiz.de/10010274258

Earnings Dispersion, Risk Aversion and Education

Belzil, Christian; Hansen, Jörgen - 2002

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/10010262728