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The existing literature on the relationship between the share of elderly in a community and the support for local public education has led to mixed results to date. One potential reason behind this is that the share of elderly in a community is endogenous, and it is very difficult to disentangle...
Persistent link: https://www.econbiz.de/10008622325
This paper examines how labor income volatility and social security benefits can influence lifecycle household portfolios. We examine how much the individual optimally saves and where, taking into account liquid financial wealth and annuities, and stocks as well as bonds. Higher labor income...
Persistent link: https://www.econbiz.de/10008625931
This paper uses data from the 1980 and 1990 U.S. Census of Population to examine the English language skills of natives and immigrants. The first main finding is that lack of fluency in spoken English is rare among native- born Americans. In 1990, 98.4 % of natives aged 18 to 64 reported to the...
Persistent link: https://www.econbiz.de/10005774510
Financial literacy and schooling attainment have been linked to household wealth accumulation. Yet prior findings may … be biased due to noisy measures of financial literacy and schooling, as well as unobserved factors such as ability …, intelligence, and motivation that could enhance financial literacy and schooling but also directly affect wealth accumulation. We …
Persistent link: https://www.econbiz.de/10008683261
We estimate a dynamic learning model of the college dropout decision, taking advantage of unique expectations data to greatly reduce our reliance on assumptions that would otherwise be necessary for identification. We find that forty-five percent of the dropout that occurs in the first two...
Persistent link: https://www.econbiz.de/10010969261
In this paper, we formulate a model of early childhood development in which mothers have subjective expectations about the technology of skill formation. The model is useful for understanding how maternal knowledge about child development affects the maternal choices of investments in the human...
Persistent link: https://www.econbiz.de/10010969309
Parents preferring sons tend to go on to have more children until one or more boys are born, and to concentrate investment in boys for a given sibsize. Therefore, having a brother may affect child outcomes in two ways: indirectly, by decreasing sibsize, and directly, where sibsize remains...
Persistent link: https://www.econbiz.de/10010950657
Using three decades of data from the "Monitoring the Future" cross-sectional surveys, this paper shows that, from the 1980s to the 2000s, the mode of girls' high school GPA distribution has shifted from "B" to "A", essentially "leaving boys behind" as the mode of boys' GPA distribution stayed at...
Persistent link: https://www.econbiz.de/10010950791
There is growing concern that improving the academic skills of disadvantaged youth is too difficult and costly, so policymakers should instead focus either on vocationally oriented instruction for teens or else on early childhood education. Yet this conclusion may be premature given that so few...
Persistent link: https://www.econbiz.de/10010951003
In the face of declining state support, many universities have introduced differential pricing by undergraduate program as an alternative to across-the-board tuition increases. This practice aligns price more closely with instructional costs and students' ability to pay post-graduation....
Persistent link: https://www.econbiz.de/10010951022