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Trade Liberalization and the Skill Premium : A Local Labor Markets Approach

Dix-Carneiro, Rafael - 2015

We develop a specific-factors model of regional economies that includes two types of workers, skilled and unskilled. The model delivers a simple equation relating trade-induced local shocks to changes in local skill premia. We apply the methodology to Brazil's early 1990s trade liberalization...

Persistent link: https://www.econbiz.de/10013029024

Hierarchical Bayes Models with Many Instrumental Variables

Chamberlain, Gary; Imbens, Guido - 2021

diffuse. Most of the information in the AK data can in fact be extracted with quarter of birth as the single instrumental … variable. Using artificial data patterned on the AK data, we find that if all the information had been in the interactions …, whereas the single instrument model would have suggested that there was no information in the data. We conclude that …

Persistent link: https://www.econbiz.de/10013218446

Imposing Moment Restrictions from Auxiliary Data by Weighting

Imbens, Guido; Hellerstein, Judith K. - 2021

-representative data set can be supplemented with auxiliary information from another data set which may be larger and/or more … Men's Cohort (NLS), as well as containing information for each observation on earn- ings, education and experience …

Persistent link: https://www.econbiz.de/10013218741

Selection Bias, Comparative Advantage and Heterogeneous Returns to Education

Heckman, James J.; Li, Xuesong - 2021

This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century China when allowing for heterogeneous returns among individuals selecting into schooling based on these differences. We use recently developed semiparametric methods to identify...

Persistent link: https://www.econbiz.de/10013221843

Double Trouble : On the Value of Twins-Based Estimation of the Return to Schooling

Bound, John; Solon, Gary - 2021

Several recent studies use the schooling and wage variation between monozygotic twins to estimate the return to schooling. In this paper, we summarize the results from this literature, and we examine the implications of endogenous determination of which twin goes to school longer and of...

Persistent link: https://www.econbiz.de/10013228014

Testing the Correlated Random Coefficient Model

Heckman, James J. - 2012

The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...

Persistent link: https://www.econbiz.de/10013116685

Risk and Returns to Education

Brown, Jeffrey R. - 2012

We analyze the returns to education in a life-cycle framework that incorporates risk preferences, earnings volatility (including unemployment), and a progressive income tax and social insurance system. We show that such a framework significantly reduces the measured gains from education relative...

Persistent link: https://www.econbiz.de/10013101828

Markets for Reputation : Evidence on Quality and Quantity in Academe

Hamermesh, Daniel S. - 2009

We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that overall quality matters for reputation, does the quality...

Persistent link: https://www.econbiz.de/10013153983

Monotone Instrumental Variables with an Application to the Returns to Schooling

Manski, Charles F.; Pepper, John V. - 2021

Econometric analyses of treatment response commonly use instrumental variable (IV) assumptions to identify treatment effects. Yet the credibility of IV assumptions is often a matter of considerable disagreement, with much debate about whether some covariate is or is not a "valid instrument" in...

Persistent link: https://www.econbiz.de/10013247435

Fifty Years of Mincer Earnings Regressions

Heckman, James J.; Lochner, Lance; Todd, Petra - 2021

The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population Surveys. While data from 1940 and...

Persistent link: https://www.econbiz.de/10013248669