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This paper studies how welfare outcomes in centralized school choice depend on the assignment mechanism when participants are not fully informed. Using a survey of school choice participants in a strategic setting, we show that beliefs about admissions chances differ from rational expectations...
Persistent link: https://www.econbiz.de/10012910305
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10012758020
This paper reviews a set of recent studies that have attempted to measure the causal effect of education on labor market earnings by using institutional features of the supply side of the education system as exogenous determinants of schooling outcomes. A simple theoretical model that highlights...
Persistent link: https://www.econbiz.de/10013237248
The vast literature on human capital and earnings assumes that individuals know in advance that they will complete a particular program of schooling. This paper treats education as a sequential choice that is made under uncertainty. A simple two period structural model is used to explore the...
Persistent link: https://www.econbiz.de/10013245524
Students who attend different colleges in the U.S. end up with vastly different economic outcomes. We study the role of … outcomes of students who apply to and are admitted by the same set of institutions, as this approach strikingly balances …
Persistent link: https://www.econbiz.de/10014347229
particular, we use data on individual students' grades, SAT scores, and the SAT scores of their roommates at three schools to … three schools used, students in the middle of the SAT distribution do somewhat worse in terms of grades if they share a room … with a student who is in the bottom 15 percent of the SAT distribution. Students in the top of the SAT distribution appear …
Persistent link: https://www.econbiz.de/10013223048
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
An influential strand of research has tested for the effects of immigration on natives' wages and employment using …
Persistent link: https://www.econbiz.de/10012955946
This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a … global economy. It builds on the models of Davis (1997a, b) of trade between a flexible wage America and a rigid wage Europe …
Persistent link: https://www.econbiz.de/10013235283
. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits … uptrend in previously developed wage gap indexes for Japan and Europe between the 1960s and 1980s. If anything real wages in …This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data …
Persistent link: https://www.econbiz.de/10013244903