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estimate the earnings gains to for-profit college attendance using restricted-access data from the 1997 National Longitudinal … experience earnings gains of about 10 percent relative to high school graduates with no college degree, conditional on employment …
Persistent link: https://www.econbiz.de/10013101505
also find that for-profit students end up with higher unemployment and "idleness" rates and lower earnings six years after …
Persistent link: https://www.econbiz.de/10013113100
This paper considers the extent to which crime in the 19th century was conditioned on body weight. With data on inmates incarcerated in the Tennessee and Illinois state penitentiaries between 1831 and 1892, we estimate the parameters of Wiebull proportional hazard specifications of the...
Persistent link: https://www.econbiz.de/10013158693
An often overlooked population in discussions of prison reform is the children of inmates. How a child is affected depends both on what incarceration does to their parent and what they learn from their parent's experience. To overcome endogeneity concerns, we exploit the random assignment of...
Persistent link: https://www.econbiz.de/10012929554
France stands out as a country with a low labor force attachment of older workers. A reversal in the trend of French labor participation rates over 50 is under way, partly due to the pension reforms that took place since 1993. The French ageing process is driven by large gains in life expectancy...
Persistent link: https://www.econbiz.de/10012997903
Longevity is increasing and many people are spending a greater proportion of their lives reliant on pensions to support consumption. In response to this, several countries have mandated delays to age of first entitlement to pension benefits in order to reduce incentives to retire early. However,...
Persistent link: https://www.econbiz.de/10012997909
This paper analyzes the possibility and the consequences of rational bubbles in a dy- namic economy where financially constrained firms demand and supply liquidity. Bub- bles are more likely to emerge, the scarcer the supply of outside liquidity and the more limited the pledgeability of...
Persistent link: https://www.econbiz.de/10013130781
Soon after beginning operations, the Federal Reserve established a nationwide network for collecting information about the economy. In 1919, the Fed began tabulating data by about retail sales, which it viewed as a fundamental measure of consumption. From 1920 until 1929, the Federal Reserve...
Persistent link: https://www.econbiz.de/10013135054
In recent years, there has been renewed interest in the yield curve (or alternatively, the term premium) as a predictor of future economic activity. In this paper, we re-examine the evidence for this predictor, both for the United States, as well as European countries. We examine the sensitivity...
Persistent link: https://www.econbiz.de/10013137763
evaluates the effect of foreign earnings on dividend payments by American corporations. The results suggest that the effect may … be rather dramatic: that, all other things equal, U.S. corporations pay dividends out of foreign earnings at rates that … are three times higher than their payout rates from domestic earnings. Why firms do so is unclear, though this behavior …
Persistent link: https://www.econbiz.de/10013138251