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This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we … estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non … patterns of returns that depend on the levels of schooling and ability. Unlike the monetary benefits of education, the benefits …
Persistent link: https://www.econbiz.de/10012946035
between education and allocative efficiency. Section I is reprinted from my J.P.E. paper quot;Education in Productionquot …
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We present results from the first study to examine the causal impact of early childhood education on social preferences … a series of incentivized experiments to elicit their social preferences. We find that early childhood education has a …
Persistent link: https://www.econbiz.de/10012978083
greater inequality. To investigate this we construct a dynamic model of intergenerational education acquisition, fertility … fertility and education, a decreasing marginal effect of parental education on children's years of education, and wages that are …
Persistent link: https://www.econbiz.de/10013220393
Section I introduces the material. In section II a model is developed which explores the impact of input-quality uncertainty on factor demand from which is derived a rationale for the use of devices which segment the population into classes differing in their "skill" distribution parameters. The...
Persistent link: https://www.econbiz.de/10013233478
This paper presents a survey and interpretation of recent research on the return to education. The empirical findings … in a series of current papers suggest that the causal effect of education on earnings is understated by standard …
Persistent link: https://www.econbiz.de/10013239940
A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent statistical models of self-selection and unobserved components. Estimates from NBER-Thorndike data strongly support the theory. First, expected lifetime earnings gains influence...
Persistent link: https://www.econbiz.de/10013243393