Showing 1 - 10 of 21
Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...
Persistent link: https://www.econbiz.de/10014158648
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
A major benefit of education is the lower risk of unemployment at higher educational levels. In PSID (Panel Study of …
Persistent link: https://www.econbiz.de/10013221871
This paper develops a theoretical model that relates changes in educational inequality to the combined effects of innovations that have increased the relative demand for more educated labor and innovations that have increased ability premiums. Under the assumption that in the long run individual...
Persistent link: https://www.econbiz.de/10013224925
use easily observable characteristics such as years of education to 'statistically discriminate' among workers. The pure … credential value of education will depend on how quickly firms learn. To obtain information on employer learning, we work with a … education. The time path of the coefficient on the unobservable productivity variable provides information about the rate at …
Persistent link: https://www.econbiz.de/10013228624
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
I explore the effects of education on nonmarket outcomes from both theoretical and empirical perspectives. Examples of …-being reflected by their health and cognitive development. I pay a good deal of attention to the effects of education on health … education has productive efficiency and allocative efficiency effects. I then modify these frameworks to allow for the …
Persistent link: https://www.econbiz.de/10013245743
This paper examines the education literature through the lens of sorting. It argues that how individuals sort across …. It discusses the implications of different education finance systems for sorting and analyzes the efficiency and welfare …
Persistent link: https://www.econbiz.de/10013246367
performance. Third, to the extent that class size matters, it is more important for disadvantaged children. Special education …
Persistent link: https://www.econbiz.de/10013249228