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Earnings returns to the British education expansion

Devereux, Paul J.; Fan, Wen - 2011

about a year on average and gain about 8% higher wages; women obtained a slightly greater increase in education and a … similar increase in wages. Clearly, there was a sizeable gain from being born late enough to take advantage of the greater …

Persistent link: https://www.econbiz.de/10009731763

Cross-Country Inequality Trends

Acemoglu, Daron - 2021

much less, in (continental) Europe over the same time period. I review the two most popular explanations for these … differential trends: that relative supply of skills increased faster in Europe, and that European labor market institutions … where labor market institutions creating wage compression in Europe also encourage more investment in technologies …

Persistent link: https://www.econbiz.de/10013246486

Inflation-Indexed Bonds and the Expectations Hypothesis

Pflueger, Carolin E. - 2011

This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the existing evidence rejecting the EH in nominal bonds. This...

Persistent link: https://www.econbiz.de/10013127982

International Evidence on Sticky Consumption Growth

Carroll, Christopher D. - 2008

We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...

Persistent link: https://www.econbiz.de/10012772369

Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders

Larson, Francis - 2016

Behavioral economists have recently put forth a theoretical explanation for the equity premium puzzle based on combining myopia and loss aversion. Complementing the behavioral theory is evidence from laboratory experiments, which provide strong empirical support consistent with myopic loss...

Persistent link: https://www.econbiz.de/10012983660

"Peso Problem" Explanations for Term Structure Anomalies

Bekaert, Geert; Hodrick, Robert J.; Marshall, David A. - 2021

We examine the empirical evidence on the expectations hypothesis of the term structure of interest rates in the United States, the United Kingdom, and Germany using the Campbell-Shiller (1991) regressions and a vector-autoregressive" methodology. We argue that anomalies in the U.S. term...

Persistent link: https://www.econbiz.de/10013232709

Forced to be rich? : returns to compulsory schooling in Britain

Devereux, Paul J.; Hart, Robert A. - 2009

Do students benefit from compulsory schooling? In an important article, Oreopoulos (2006) studied the 1947 British …

Persistent link: https://www.econbiz.de/10009724988

Estimating the return to college in Britain using regression and propensity score matching

Fan, Wen - 2011

association between wages and college degree is due to the causal effect of a college degree and how much is due to unobserved … factors that influence both wages and education (e.g. ability). In this paper, I use the 1970 British Cohort Study to examine …

Persistent link: https://www.econbiz.de/10009731743

Can education compensate for low ability? : Evidence from British data

Denny, Kevin (contributor); O'Sullivan, Vincent (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002089858

Does education raise productivity, or just reflect it?

Chevalier, Arnaud; Harmon, Colm; Walker, Ian; Zhu, Yu - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001726500